What to Do When a Position Trade Moves with Velocity?

Lists of Choices and Tips

Position Trading is a newer Trading Style that many people haven’t heard about, which is a Trading Style for choppy Sideways Market Conditions. More and more of the giant and large Funds Managers have moved their buying and selling away from the Stock and Options Exchanges into Dark Pools, Twilight Pools, Electronic Communication Networks, and other “LIT” market venues. This has slowly changed what we see in Technical Analysis patterns over the past decade, which now allows for a burgeoning success of Position Trading.

Chart example #1 below is a Position style trade.

It was building very nice Platforms as it moved up steadily, but during the last rally it ran quickly out of the Platform candlestick patterns. This stock is at risk of profit taking, because in this example the Angle of Ascent™ is too steep.

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Trade Wisely,

Martha Stokes CMT

TechniTrader technical analysis using MetaStock charts, courtesy of Innovative Market Analysis, LLC dba MetaStock

Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses

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