The Scoring Trade by Thomas Bulkowski
Hereís a scoring system for symmetrical
triangles that helps predict
How do you make
money in a bear market
short? By picking
winners. How do
you gain the experience
necessary to pick winners? Good
question. Someone once said you
should print a chart of your favorite
stock each morning, stare at it for
eight hours every day, and then ó
two years later ó trade the stock.
There is much truth in that: acquiring
experience has few shortcuts.
I review 225 stocks daily, but it
takes just 15 minutes. As fast as the
computer can load each chart, Iím ready
to move on to the next one. I only stop
if I see something interesting.
One of those interesting events
was a trade I made in WPS Resources
Corp. (WPS) using my scoring system
for chart patterns.