selling tops and buying bottoms stops are required unless you like to be a dumb money holder. a) few bottoms must appear before its a bottom by the 2nd or 3rd bottom, its more viable b) stop should be right under the low of the bottom, if it breaks that bottom, its not the bottom... pretty simple c) tops and bottoms don't appear consecutively top top top low don't buy this low low starting to look good low buy with stop top top low nobuy top nosell low nobuy top nosell top 1/2 sell top sell top top top sell with stop low low low buy with stop low buy with stop This is how you catch tops and bottoms
Just do the opposite. I used to buy bottoms and sell tops all the time. Then one day I tried countertrend trading.
I fail to see the trend when it is happening. Afterwards I say Oh my lord, I would have made a fortune. Can I train somehow to recognise the trend when it is happening . Some guidance much appreciated. Thanks
anyone can do this after the fact. there is no secret to learn here you either have the talent and vision or you dont. Unless you can make decisions ahead of time you will never make money in this game.