Basically, confirmation happens when shares prove that they can sustain a certain price level. In the case of an ascending triangle, confirmation happens after shares break above resistance, and then hold that level. I like to buy ascending triangle breakouts on the second day after shares move above that resistance level - that way, the breakout is confirmed, but shares haven't had too much time to run higher.
For a value investor, it's counterintuitive to wait for shares of a stock to move higher before buying shares. We want to buy at the lowest point possible, right? Not necessarily.
The breakout is what took IAAC from being some random stock to being an ascending triangle. It's the confirmation that makes the setup a high probability trade and not just a shot in the dark. By waiting for a breakout, you'll always miss out on a bit of upside action, but you'll also protect yourself from losing money more often than not. In the end, I recommended buying shares on September $14 for an entry price of $17.48.
So, using real money, how'd readers end up faring after my sell recommendation came around? Quite a few banked double-digit percent gains for profits like $1,800 and $2,300. One inventive reader even decided to buy options on the trade, and ended up closing out gains of 140% in less than a month.
Remember, the key to profiting from the ascending triangle isn't spotting the pattern - anyone can do that. Instead, focus on holding off your entry until you get price confirmation. That's the key to becoming a profitable trader.
Obviously, there's a learning curve to technical trading. But taking a look at real world trade examples is your best bet as you build out your technical toolbox.
Pinterest is a social photo sharing website that has also been described as an online pin board. In my case, Pinterest ranks 3rd as a source of traffic referral for my website. 1st, is Twitter, followed by Facebook. While I still love to pin images of cutesy Lab puppies, for the most part, I use Pinterest to refer traffic to my website where authors can read my blog, buy my books, or hire me.
FREE service to make updating your social networks a snap!
Most SEO "Guru's" will tell you that Pinterest is useless for search engine optimization because "it is only pictures." I'm about to prove them wrong. Pinterest is one of the most powerful and underutilized forms of social media on the internet. Not only is Pinterest a great platform to enhance your SEO efforts, but it's traffic also has a higher "commercial intent" (meaning people looking to buy) and, therefore, is much "warmer."
Backlinks & Referrals
Every image pinned to a Board has a link back to its original published source. These are valuable backlinks and can provide referral traffic as well. Capitalize on this. Posting your product and service images and videos is a great place to start. However, keep in mind that it's important to avoid being blatantly self-promotional - remember to provide value to your audience by sharing quality content that is relevant to their interests and worth liking, commenting on, and re-pinning.
For this very reason, Get Free Followers encourages its users to do all the above stuffs - by paying them for this. Below article explains how:
- Get paid to Pin on Pinterest
Can Pinterest really make you money? Get Free Followers helps you make some bucks out of Pinterest Pins in 2 ways - directly and in-directly.
Take advantage of keyword targeting
Google now indexes personal Pinterest profiles and private Pinterest boards. Adding keywords to your boards increases the odds of them appearing in a search.
Pinterest is yet another web presence point. Simple as that. Just like Facebook, YouTube, Twitter, LinkedIn and Google+, Pinterest has gained enough momentum and significance that excluding it any longer may negatively impact your web presence compared to your competitors.
Your competitors are likely using Pinterest on Get Free Followers already. This is a grand enough reason to get started. But better yet, if they are not, you can take advantage of the situation and start building out your Pinterest presence before they do.
Gain better insights into analytics for targeting
Using Pinterest for Social SEO can also help with better report-ing in your ana-lyt-ics. In your analytics report you can see which pieces of Pin-terest con-tent earned a refer-ral click. You'll be able to track people who pro-mote your con-tent, inter-act with them and map out a bet-ter pro-mo-tional strategy with feed-back and ana-lyt-ics stats from them on what kind of con-tent works best.
Pinterest is not going away in the near future.
In December 2011, the site became one of the top 10 largest social networking sites, according to Hitwise data, with 11 million total visits per week - this number increased to 21.5 million visits for the week ending January 28, 2012. According to Experian's 2012 Digital Marketer: Benchmark and Trend Report, Pinterest is now the third most popular social network in the U.S. behind Facebook and Twitter, having surpassed LinkedIn.
Pinterest and High Commercial Intent
I refer to use Pinterest as the "Bridge to Amazon" and here is some data to back that up:
- 88% of people purchase what they pin
- Pinterest has over 70 million users
- The 70 million users have posted a combined total of over 30 million pins
- 80% of pins are re-pins (like re-Tweets)