As a trader, it can be very profitable to catch the tops and bottoms. I remember reading in Market Wizards, a trader said that he made all his money on the big tops and big bottoms despite being wrong many times. However, many traders have also been blown out of the water doing this. Do you try to anticipate tops and bottoms before they appear, or do you wait for confirmation? Being anticipatory can maximize profits, while waiting for confirmation can reduce risks.