Emotion Pendulum - Greed Or Fear ?
My Trading Quotes
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
Thursday, March 22, 2007
Interpretation
To keep experiencing the novelty and freshness of the market, and to keep from being trapped by your preconceptions, it's important to keep distinguishing between the tape and your interpretations of the tape. View as neutral both the events and your inclination to impose your interpretations on them. You enter the market without expectations, surrendering to it rather than struggling with it for personal gain.Ultimately, you are able to fine-tune your responses.----Trading to Win, Ari Kiev
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1 comment:
I think that one should not fight the market. One should find the trend, and follow it. The trend is your friend and so should the market.
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