LazyWealthy
Discover wealth from price charts
See price action patterns in a crystal ball. Learn to trade with confidence.
Charting Copilot
Win Rate (Win%)
Evidence based decision to trust which pattern
Educated guess: Nothing is 100% certain, but you have better odds with better data.
Beauty pageant: Compare trading pattern win rates, and choose your winner.
Served on silver platter: No need to memorize win rate for chart pattern or candlestick pattern anymore. We serve it up when you need it.
Target (for reference only)
Reel in the big fish with back testing as copilot
Quantify pattern potential: Based on back testing results using actual historical data, removes guessing or memorization.
Decide entry points: Act now or wait longer. Decide if risk-reward ratio makes sense.
Form trading plan: Set realistic price alerts and exit targets.
Manage emotions: Avoid knee-jerk reactions caused by fickle emotions.
Stop Loss (for reference only)
Limit downside with stop loss point
Limit downside: Mainstream method invented by world famous market technician.
Simplify complex equations: Calculated using average true range (ATR), so you don't need to look it up or learn coding to use it.
Mission control: Stop Loss line drawn on chart to monitor pattern progress, take decisive action when necessary.
Backup plan: Formulate plan before entering trade. Set stop loss point in case trade idea does not come to fruition.
Evidence-based decision: Rather than general rule of 5-10% for stop loss, use volatility based data metric specific to set stops to cater for different nature of each securities.
Time Ruler
Develop patience with time ruler
Visualize progress: See trading pattern developing on the price chart within a context, take decisive action when necessary.
Remember for you: Indicative holding period for different trading patterns.
Time stop: Exit trade if price is sideways for too long without reaching either Target or Stop Loss points.
Confirm Signal
Breakout confirmation is the true north
Confirm up or down trends: Reduce guesswork in identifying candlestick patterns and chart patterns.
Clearly spelled out: Up or down breakouts marked by different color candle bar to help you practice recognizing them.
Boost win rate: Achieve higher certainly with breakout confirmation, especially for chart patterns.
Avoid traps: Circumvent FOMO, avoid jumping the gun and enter false signals.
Trace Patterns
Investigate the crime scene with trace mode
Follow patterns on chart for investigation using Trace mode for a macro view.
Track when the pattern occurred and what happened afterwards.
Advice from the masters
George Soros: It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
Mark Minervini: First loss is your best loss.
Charlie Munger: The big money is not in the buying and selling … but in the waiting.