Editor's Note: Our friend Marc Lichtenfeld, the Chief Income Strategist at The Oxford Club, has done it again! On March 1, I told you that Marc had closed an impressive five triple-digit winners in 2024 alone... But since then, he's banked three more money-doublers, including a 301% winner on Samsara (IOT) in only 22 days, which he just closed out this morning! Today, I've invited Marc to share a little bit about his #1 favorite chart pattern, which he's used to pinpoint several of his biggest wins so far this year. He calls it the "World Record Pattern." To learn more about how Marc puts the World Record Pattern to work to find winning opportunities for his readers, check out his brand-new video. - Ryan Fitzwater, Publisher Marc Lichtenfeld, Chief Income Strategist, The Oxford Club In 1996, I sat down at my computer with butterflies in my stomach for my first day on the job as a trading assistant. My job was to execute trades for several traders in the office. At 6:30 a.m. (I was on the West Coast), the opening bell rang. I didn't need any coffee, as all the traders were suddenly shouting orders at me like "Buy Softee at three 'steenths! Buy it! NOW!" That meant they needed me to buy Microsoft for them at its current dollar price plus three-sixteenths, i.e., $45 3/16. (Stocks traded with fractions then, not decimals.) As the weeks passed, I tried to make sense of the chaos around me. I watched the market closely, yet I had no idea how the traders were making their buy and sell decisions. A few months later, I stumbled upon technical analysis, which is the study of stock charts. Some folks try to make it complicated, but chart patterns are simply a visual picture of buying and selling - greed and fear. Several decades later... yada yada yada... I'm a Chartered Market Technician, or CMT, which means I've passed three rigorous exams, read dozens of books on technical analysis and looked at tens of thousands of charts. There are fewer than 5,000 CMTs in the world, so it's a distinction I'm quite proud of. And after all those years of learning to use charts in my professional and personal trading, I've found that one chart pattern stands above the rest. I call it... The "World Record Pattern." Now, I can't get into all the details of how I spot and trade the World Record Pattern. We'd be here all day. But I think you'll still find this information extremely useful. The first thing I want to mention is that we don't buy the stock the moment the pattern begins to form. And that's OK. The World Record Pattern is a continuation pattern, meaning it typically continues the previous move higher. So, to ensure the best results, we wait until the pattern has fully formed. If you buy before that, you're taking on more risk than is necessary. Also, keep in mind that chart patterns can form for a number of reasons. When you spot a pattern, it's important to determine whether it's real or fool's gold. Earnings reports are a common catalyst for World Record Patterns, so if you notice the pattern in a stock's chart after the company reports earnings, that's a good sign. Now let's get into some real-life examples. |
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