Capturing Trend Days
A trend day occurs when there is an expansion in the daily trading range and the open and close are near opposite extremes.
A trend day occurs when there is an expansion in the daily trading range and the open and close are near opposite extremes.
Trends don’t seem to last as long as they used to. However, you can’t just sell a market because it is high or buy it because it is low. Top picking and bottom picking is a loser’s game. You’re much better off waiting for signs that a new trend may be emerging and then look to get on as soon as possible.
Predicting markets is like predicting the weather, only short-term forecasts are viable. Short-term trading has the advantages of generally lower risk but unfortunately, the profits are limited.