The best trading method is to take advantage of the crowd's greed and fear.
One must be able to read the current level of the market's hidden energy to be a master trader.
A low-risk, high-return trade is a trade that is aligned with fundamentals and opposite the current market peak emotion.
----------------------------------------------------------------------Jimmy Chow
Friday, January 12, 2007
Averaging Down
Averaging down in a bear market is tantamount to taking a seat on the down escalator at Macy’s. — Richard Russell (Dow Theory Letters, 1984)
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