Hey Market Pilot,
Earlier this month, I alerted the Moxie Indicator™ members of a short setup in Autonation (AN, pictured below). Although it took a few weeks, I was able to get out of my position for a nice 8.5% gain by the end. However, this win didn’t come without trials and tribulations.
I had to ride out a fair amount of uncertainty and volatility during my time holding this position. That’s why I think it is essential to talk about “trading with conviction.”
In this video posted above, I outline what it means to me to “trade with conviction.” You’ll learn…
- My rules for sticking with a trade
- What chart patterns make me confident
- Why I held on to AutoNation despite the volatility
Trading with conviction is key to becoming a successful trader, but it is important to note that as much as it is a skill to ride through volatility, it is equally important to recognize when to walk away. Trading is an art form that requires some finesse. Stay nimble!
Your Profit Pilot, TG