in a public place
you see
hundreds of persons!
but
who is going to do what
you don't know!
who is going to go where
you can't know for sure!
you can guess to an extent
but frankly, you can't be sure!!
however,
when you see a guy
on his knees
with a rose in his hand
with a pretty girl in front of him
you can be reasonably sure that
the guy is proposing to the girl.
similarly,
it is not possible to know exactly
and beyond doubt
what a particular stock is going to do
in future
including near future!
so i do not trade
on the basis
of anticipating a move
of a stock or index!
i do not touch a stock
or index
in midway!
i repeat,
i leave alone any share and index
which is MIDWAY
i.e. it has not reached extreme or unique position.
like that guy proposing to his lass
i spot the opportunity to trade
when a stock can be clearly spotted
amidst even a crowd
in a unique position
and at the EDGE!
e.g. rsi or william%r at the EXTREME
or sma CROSSOVER
or BREAKOUT or BREAKDOWN!
when someone asks me
about my advise on a particular stock or index
i wish i could tell him point blank
that nobody can answer him that with certainty.
the stock or index's movement can be
accurately predicted only at the extremes
and that is what a trader should look for
to have a high percentage of profitable trades.
just like the trains and planes
one should not try to board trades
except on platforms and airports!
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