The Pullback Stick Trading System
I found the Pullback Stock Trading System to be lacking and not up to Rayner’s normal level of excellence. There were a few times when he glossed over key components and expected the reader to understand. For example, we were instructed to buy 20% below the previous day’s closing. I doubt if a new trader would understand exactly where to enter the trade. Normally his explanations are so clear and thorough. This concept could have been made more clear by saying, go to the daily chart and mark the close of the day. Then calculate 20% of the previous day’s trading range like this (Show an example etc). He also mentioned to buy the stock below 5 % of the RSI. Normally he would explain what the RSI is and what it is not and explain how to use it and what the parameters are etc. This wasn’t done. I just found this to be sub-par with his normally fantastic content. I will continue to learn from him because he has provided me with excellent content. This course however, I found to be lacking.