Saw a price alert come across my phone that made me smile. Out completely at mid-day and have no regrets. Just looking at this price action, I wonder how many people keep trying to guess the reversal and are getting hammered with 1 day left to go in the week? I learned the hard way a good while back and gave up a lot of money trying to gamble on the reversal. Now I wait for the reversal to appear. Think about this, you are driving down a freeway with 5 lanes of traffic all going the same direction at a speed of 75mph, what do you call the car driver who stops in the middle of the road, turns their car around, and drives against the flow of traffic? Yep, that is what some people are trying to do right now. To those individuals, good luck and thank you for adding to the uptrend momentum. I would laugh right now, but I still remember some of those dumb expensive reversal decisions. Yes some worked out well, but over half did not(write them down and track them). It wasn't just the loss being negative, it was the loss of missing a ton of pips that I could not win because I was stuck facing the wrong direction. Have a great weekend.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
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