Examples from Whole Foods Market (WFM) and Reynolds American, Inc (RAI) show you what to do (or not) to trade successfully with Elliott.
By Elliott Wave International
After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him -- down to the tick, to the pip, even to the penny – when his forecast is no longer viable.
That, according to Kennedy, are two most important keys to successful trading:
- "Know where you are wrong," and
- "Don't pick tops and bottoms"
See the logic behind Kennedy's wisdom by reviewing these two timeless lessons from his Trader's Classroom service: Whole Foods Market, Inc. (WFM) and Reynolds American, Inc. (RAI). Then, see how you can get more free lessons during Kennedy's popular Trader Education Week, going on now!
WFM's forecast was right and RAI's was wrong. While price evidence was compelling for both issues, the forecast in WFM was in the direction of the trend and RAI's incorporated top picking. Here's what happened: Continue reading "The 2 Most Important Keys to Successful Trading"