Stories of hitting absolute bottoms and tops may sound cool over dinner with friends, or win the praise of others in Forex forums. After all, who wouldn't like a little street cred for accurately picking the most recent highs and lows? This desire can affect beginning and seasoned traders alike. Beginning traders may easily confuse luck for skill, or seek to build their confidence by proving they're right about the market. Similarly, seasoned professionals may wish to prove their "expertise" in order to sell more products.
However, the only way to pick a bottom or top is to give up on trading with the trend and start guessing when it will reverse. If a trader's account is big enough and positions small enough, eventually that trader will be able to say he or she predicted the turn correctly.
Do you remember the movie "Back to the Future II", when Biff got his hands on the Gray's Sports Almanac, brought it back from the future, and then used it to bet with.. it changed his destiny... he got filthy stinking rich. That's the power of knowing the future. If you want to change your destiny like Biff, by knowing future reversal dates, then this is the most important information you will ever find about trading.
Much like Back to the Future II, there really is a system that tells you in advance when the market will reverse and do it consistently and accurately. It's as if you somehow got your hands on the future editions of the Wall Street Journal to trade with... it's an unfair edge... and it will change your future like it changed Biff's future.
Nobody has ever told you about this because...
Nobody Else Knows About It!
I know all about trading with the trend, the trend being your friend until whenever and so on. But whenever I look at a nice strong move I think two things – firstly, I’ve missed the best part of this move and secondly, it’s got to turn now... surely, there is strong support or resistance right here. I’ll enter now...good entry....price is pausing.....turn baby turn...please..please..can’t take it any longer... eat the loss... if I only joined the trend... why did I try and catch a falling knife..!!!
Why do I always try to pick tops or bottoms? I’ll tell you why – because it feels so damn good when I get it right! But therein lies the danger – get it right once and it gets to you like a drug and then it kills you slowly. Picking tops and bottoms feels so macho, I imagine that’s what the ‘real’ traders, the big swinging ones do all the time – how I envy them! I can’t do it and I know it. I am far better off joining an existing trend during a short term retracement. It is less risky, better odds and will do a lot for my longevity in this game!
Am I the only one suffering from the deadly top/bottom picking syndrome?
Let's have a look, how to pick Tops and Bottoms properly..!
However, the only way to pick a bottom or top is to give up on trading with the trend and start guessing when it will reverse. If a trader's account is big enough and positions small enough, eventually that trader will be able to say he or she predicted the turn correctly.
Do you remember the movie "Back to the Future II", when Biff got his hands on the Gray's Sports Almanac, brought it back from the future, and then used it to bet with.. it changed his destiny... he got filthy stinking rich. That's the power of knowing the future. If you want to change your destiny like Biff, by knowing future reversal dates, then this is the most important information you will ever find about trading.
Much like Back to the Future II, there really is a system that tells you in advance when the market will reverse and do it consistently and accurately. It's as if you somehow got your hands on the future editions of the Wall Street Journal to trade with... it's an unfair edge... and it will change your future like it changed Biff's future.
Nobody has ever told you about this because...
Nobody Else Knows About It!
I know all about trading with the trend, the trend being your friend until whenever and so on. But whenever I look at a nice strong move I think two things – firstly, I’ve missed the best part of this move and secondly, it’s got to turn now... surely, there is strong support or resistance right here. I’ll enter now...good entry....price is pausing.....turn baby turn...please..please..can’t take it any longer... eat the loss... if I only joined the trend... why did I try and catch a falling knife..!!!
Why do I always try to pick tops or bottoms? I’ll tell you why – because it feels so damn good when I get it right! But therein lies the danger – get it right once and it gets to you like a drug and then it kills you slowly. Picking tops and bottoms feels so macho, I imagine that’s what the ‘real’ traders, the big swinging ones do all the time – how I envy them! I can’t do it and I know it. I am far better off joining an existing trend during a short term retracement. It is less risky, better odds and will do a lot for my longevity in this game!
Am I the only one suffering from the deadly top/bottom picking syndrome?
Let's have a look, how to pick Tops and Bottoms properly..!