Phoenix Arizona
Experience: Beginner
Platform: MotiveWave
Trading: CL
Posts: 125 since May 2013
Thanks Given: 325
Thanks Received: 162
|
If you are a beginner, like I am, picking tops/bottoms is a waste of time. It seems to always go MUCH higher than I think it will and MUCH lower also. Or as I posted on another thread, I will be sure it is going WAY lower, and sure enough it bounces and takes off the other way.
IMHO, If you are trying to catch trends, you don't want to try and just get out at a low/hi. I think we are way too worried about them, because in a true trending market they will blow right through them. Perfect example is the market we are experiencing now, with new highs day after day.
This is my opinion of course, and everyone has to find their own way. Best wishes to you.
Ddawg
|