Tuesday, January 4, 2011

changing direction

nobody knows

what the market forces exactly want to do.

nobody knows what the market forces have in their mind.

you can only estimate it with indicators.

it is very important that we keep following the market whereever it goes.

we must not feel guilty

when we are required to change direction too early,

provided the indicators say so.

but we also must ensure

that we don't change direction more than 1-2 times in a day.

in extreme condition, don't even think of changing direction more than 3 times.

if we need to,

we are surely doing something wrong.

we are either reading it all wrong

or are panic-driven.

No comments: