Thursday, February 16, 2012

trend trader

as a trend trader:  you must FOLLOW the prevailing trend.

Today's mistakes were ALL trying to countertrend trade. 

 WHY?   Why attempt to do this?  Never again.  Don't make the same mistake ever again.  Ever.

 Only trade WITH a trend.  You buy pullbacks of an existing trend only.  The MAs provide direction.

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