Align your trading goals with the insights provided by pivot points from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
One of the key principles of successful trading is aligning your trading goals with the insights provided by pivot points. Pivot points are powerful tools that can help you identify key support and resistance levels in the market. By understanding how pivot points work and incorporating them into your trading strategy, you can increase your chances of success. When setting your trading goals, it is important to consider how pivot points can help you achieve them. For example, if your goal is to maximize profits, you can use pivot points to identify potential entry and exit points for your trades. By paying attention to pivot levels, you can better time your trades and take advantage of price movements in the market. On the other hand, if your goal is to minimize losses and protect your capital, pivot points can also be valuable. By using pivot points to set stop-loss orders, you can limit your risk exposure and pr...
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