With that said, it is best to buy stocks in UPTRENDS, not downtrends.
Do yourself a favor and try and find a copy of this book by Toby Crabel... "Day Trading with Short Term Price Patterns and Opening Range Breakout." It's about 25 years old, and you can find it for sale on Ebay for about $600 or more, but it is one of the best books on trading you can find, and it covers patterns such as inside bars.
What you are missing is that shares rarely move up at a percentage that would cover your costs in and out of a holding ,and leave enough for any profit within a day of trading.
Sudden rises only benefit those who already hold such shares ,which gives rise to the advice "Spread your assets " i.e cast your net wide.
Hi I understand how you identify an inside day on a trading bar chart, however say for example I identified an inside day trend for a stock that had been on a downward trend, how do I know if I should buy then because I might buy then but it may continue to fall in share price, rather than start an upward trend that would see profit gains? Or am I missing something ?
Thanks
