Stay patient and disciplined when trading with pivot points from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
It is crucial to exercise patience and discipline when trading with pivot points. This is because pivot points are not a guaranteed prediction of market movements; they are merely potential levels of support and resistance. Therefore, it is essential to wait for confirmation before making a trading decision based on pivot points. Patience is required to allow the market to show its hand and confirm whether a pivot point will hold as a level of support or resistance. Rushing ...
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