Golden tips from a millionaire from the market

Linda Raschke (Linda Raschke) is one of the most famous traders in modern history, described as one of the "Market Wizards" (Market Wizards) due to her long-standing success in technical trading and behavioral discipline in the markets.

Here are its 12 rules in technical trading:

Buy at the first correction after a new peak, and sell at the first rebound after a new low.
→ The first pullback after a breakout often provides the best entry in the new direction.

The strength or weakness of the market in the afternoon ( before the close ) is usually completed the next day.
→ The delayed momentum usually completes its course in the next session.

The best reflections happen in the morning, not in the afternoon.
→ Morning reflections are more reliable because they occur during the liquidity flow.

The larger the price gap, the greater the likelihood of the trend continuing and forming.
→ Large gaps usually indicate the entry of institutional forces that drive the movement to continue.

The price interaction with the previous day's high or low indicates the strength or weakness of the market.
→ Overcoming it means continuing the trend, while bouncing back from it indicates a potential correction.

The peak and trough of the previous day are two important pivot points.
→ Watch to see if the price tests and bounces off them, or breaks through and continues the momentum.

The last hour of trading reveals the truth about the trend.
→ "Smart Money" shows its intentions before the close. Continued strong closes indicate a persistent upward trend, while morning rises and weak closes are a sign of the trend's end.

An increase in trading volume at closing indicates continuity in the direction the following morning.
→ The large volume in the last half hour usually indicates a confirmation of momentum.

The scope of the first hour defines the framework of the day's movement.
→ The one who wins the battle of the first hour often controls the rest of the session.

The first hour has become more important than before.
→ Because a large portion of today's movement occurs during it, strong trend beginnings should be exploited early.

Four timeless principles in price behavior:

The trend continues more than it reflects.

Momentum precedes price.

Trends end at a peak.

The market alternates between expansion and contraction in range.

No one knows the future — no one at all.
→ The successful trader does not predict what will happen, but intelligently reacts to what is actually happening in the market.$GT $BTC