Hi there! Steve Place here with your latest edition of Watchlist Wednesday.
Let me start with a question: Are you sick of failing to catch the falling knife?
You know: you buy the dip, expecting a nice reversal and some easy profits.
One problem: the stock decides to continue in the same direction. You hope, pray, and beg it turns around…
But no dice.
It slams into your stop, forcing you out of the trade at a loss.
But then the worst happens.
Don’t worry: this happens to everyone, even me.
You can’t ever avoid it completely because investing and trading have no guarantees.
What you can do is stack the odds in your favor…
And in today’s video, I’m going to show you one tool I use to do just that…
Alongside several real examples of this tool in action.
This indicator acts kind of like a moving average and can serve almost as a key support level on a lot of potential moves.
It’s quite nifty and goes a long way in improving your risk/reward ratio on any given trade.
Now, this indicator’s pretty helpful on its own…
But we supercharge its effectiveness by using it within our trading roadmap at PVA.
So make sure you watch that video above…