Kardec Trader shows how trend lines and a safety line prevent big losses. Enter trades close to your safety line, not after price has already moved far from it, because distant entries create excessive risk if price pulls back.
When it goes, it goes. It's just so beautiful. Right here we had 1, 2, 3, 4, 5 touch points. Right now we are in a ring. At one point this was a safety line. So when Price broke, like let's say for example, we can't see any of the crazy move it made recently. So we're always going to work with our the lowest point we see on the screen. Let's say that I was thinking of a two touch point trend line break point A, point B. So when Price broke right here, look how incredibly far away it was from my safety. I had to pass up on that. Even though Price just melted, that hurt so much. It was just too high risk if Price broke and came back up. The risk is always worst case scenario if Price was to pull back and move against you and break the line at that very candle right there. So if this candle right here was to come up and break, there's just way too much space in between.
