For the experienced traders, they know there is no holy grail in the business of trading. They also know the trading business is a long term grind, not a game of hitting the jackpot.
In order to stay in the trading game, one must have a systematic approach for deciding when to enter a trade and when to exit a trade. It is the systematic approach that gives the trader the ability to establish consistency. Without consistency, a trader cannot attain consistent profitability. And without consistent profitability, the trader will not have confidence to believe it can win at this game of 'trading'.
Here is a video illustrating how to apply technical analysis for setting up a trade for FB.
Click here to view the video if you do not see the video player on your screen.
Disclosure: Long FB
