Better Entries by Perry J. Kaufman
Does waiting for a pullback when entering a trade improve results, or does that just cause you to miss out on the trade? What about other popular entry methods? Heres a test to find out what may work best.
An easy way to increase your trading profits is to get a better entry price, that is, buy lower or sell higher than the opening price on the day you want to trade. Some analysts recommend approaches such as waiting for a better price, averaging down, using an indicator to find the oversold or overbought level, or just closing your eyes and entering at the market ...