There are no called strikes on Wall Street. In other words, we’re not penalized for not swinging, like you are in baseball. We have the ability to be patient, to a certain extent at least, depending on your mandate. But most of us don’t have mandates! Even one of the best hitters of all time struggled when he swung at bad pitches. In this video we compare Ted Williams’ batting average when he swung at good pitches, vs when he swung at bad ones.
This is my favorite reminder that in trading & investing, we want to wait for OUR perfect pitch, and then swing, vs just swinging at anything.
This explanation is taken directly from Lesson 5 in our NEW Allstarcharts Charting School:
If this is something that you’re interested in learning more about, I encourage you to enroll in our Charting School at a price of just $495 for LIFETIME ACCESS to all 7 Lessons. That’s 6 hours of content including quiz questions after each section. Join Here
Let me know if you have any questions
Hollow Candlesticks vs Filled Candlesticks