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Today we look at BTI on the 5 minute chart which was alerted by Clay. It was regarding ‘dead bodies,’ or consecutive bearish candles. Clay discusses why you wouldn’t want to short it at the very bottom. That would be a terrible way to enter as you would be chasing. We are looking for a pattern to form so we have a logical location to put our stop loss. We have our weekly discussion of why profit IS NOT profit. We need to trail our winners to extract as much as the chart wants to give us so that it wipes out multiple small losers we encounter. As Clay beautifully displays, BTI completely crumbles and further proves why we TRAIL OUR WINNERS. These trades happen and you cut yourself off at the knees if you don’t allow them to pay as much as they logically decide.

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