Kimmie, in the Market Wizards I read one statement that really made a huge difference in the way I analyze the price action infront of me...
"To be successful trading the market, you have to be one step ahead of everyone else..."
It's very true, you will have to be one step ahead...This requires risk tolerance, this requires you to be a contrariarian, buying when the whole world is selling that nobody is left to sell & selling when everyone is buying that nobody is left to buy....It takes courage to be a contrariarian...It takes courage to enter a trade on the first pullback after the start of a trend when everyone in the market is afraid the trend is fake & is just a correction....Thinking differently than everyone else is what really makes you the money....
Happy trading...
Thanks,
Nader
"To be successful trading the market, you have to be one step ahead of everyone else..."
It's very true, you will have to be one step ahead...This requires risk tolerance, this requires you to be a contrariarian, buying when the whole world is selling that nobody is left to sell & selling when everyone is buying that nobody is left to buy....It takes courage to be a contrariarian...It takes courage to enter a trade on the first pullback after the start of a trend when everyone in the market is afraid the trend is fake & is just a correction....Thinking differently than everyone else is what really makes you the money....
Happy trading...
Thanks,
Nader