The Importance of Choosing the Right Chart Pattern

To view this email as a web page, go [here.]( [Roger Scott Newsletter] August 07, 2022 [The Importance of Choosing the Right Chart Pattern]( Most new traders start off with what I call an “indicator fascination.” They dive right into advanced analysis methods that confuse and oftentimes discourage them from continuing to trade. When I first started out, I was under the impression that the more complex methods would produce higher win rates. I purchased books and magazines that discussed Gann Lines, Geometric calculations and Elliot Wave Principles that required a Ph.D. in physics to understand.I can promise you the only thing I learned after following these methods was to stay as far as possible away from them. Fortunately, I met a few professional traders who mentored and showed me some simple chart patterns for beginners that got me on the right track. And more importantly, they made me understand that trading isn’t all about complex and confusing strategies… It’s about finding methods that match our emotional make-up and risk tolerance. These days, for example, I use a [systematic way to find patterns that historically work.]( That’s why I want to show you a few basic chart patterns for beginners that should help you get started on the right track… [See the Chart Patterns Here]( ________________________________________________________ Roger Scott 27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders. ________________________________________________________ [How Long Can I Keep Up the 100% Win Rate?]( The 100% win rate* keeps on rockin’! Pattern Trader members had the ability this past Friday to lock in their biggest win yet — a 36% gain** on COF in just two days! That’s right on par with our average hold time of three days per trade… That makes a total portfolio gain of 188%, with an average return of 17.1% per trade — what a hot streak! And it was all possible with the power of today’s state-of-the-art algos at the tip of your fingers… Pattern Trader members know the historic win rate, profit factor and equity curve of the trades before they even get in! That’s why I just went LIVE to break down the strategy for anyone who wants to learn about it, at absolutely no cost! [Watch the Event Here]( ________________________________________________________ Is the Tech Sector Hot or Cold? Plus My Top ETF and Option August 4, 2022 The broader indexes are flat as the market digests jobless claims and International Trade in Goods and Services data. [Continue Reading]( Indexes Fall on Strong Jobs Report — What It Means for the Market August 05, 2022 The major indexes are down as a strong jobs report hints the Federal Reserve will keep hiking rates. [Continue Reading]( [Roger Scott] A WealthPress Publication *Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time. ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. 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