The Importance of Charting and Market Analysis

Dakota's approach to charting focuses on identifying the long-term trend, current chart patterns and picking a good spot to buy or sell. As Ed beautifully puts it, the trend is your friend except at the end where it bangs. Successful traders understand the importance of staying disciplined, avoiding emotional attachments to positions and sticking to their trading plans. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system.

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