Too many traders believe that once a rally begins, it's just a straight line to the next high price.
I like to remind my followers that the market trades in waves. I know it gets a bit repetitive, but it's a rule that traders need to learn! Too many traders believe that once a rally begins, it's just a straight line to the next high price. But that's not at all how it works. There will be retracements (temporary price dips) along the way. The price undulates from high to low within an overall positive trend. You've undoubtedly heard a lot of experts and analysts encourage you to "buy the dip." But it's a bit more nuanced than that. Many gurus, in my opinion, overlook a critical component of the trading puzzle. Rather than focusing on the dips, we should focus on the U-turns that follow those downturns. We have no way of knowing if a price drop will genuinely turn positive or continue to plummet if we don't look for a U-turn. If you're tired of buying dips, only to see the market continue to tumble, check out my trading info focused on accurately predicting future price movement. It will save you a lot of heartache and money! | |
SEC filings reveal that Amazon is taking a big gamble on this EV company’s future Wall Street is worried about what will happen as the Fed adjusts its monetary policy Sentiment among financial experts slumps as inflation gets worse | |
"Do not be embarrassed by your failures, learn from them and start again." — Richard Branson Failure is a part of life. That's why there's no need to be embarrassed when things don't go the way you planned. Don't get bummed out. Instead, take the time to figure out what went wrong and how to avoid repeating your mistake. Get back up, learn from your mistakes, and keep moving forward. Such a positive habit pays big dividends in the long run. Keep Trading, | |
Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. | |
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