"Those who pretend to be Superman and think they can pick up the bottom will waste effort and inflate their losses" (Nikkei BP published "Day Trade")
Chapter 7: Secrets of the Ultimate Trader
From The 13 Secrets: It is more likely to rise by buying
A skilled day trader knows that profits expand more if they can pick up the bottom, but they also know from hard experience that consistently picking the bottom is a lie. Those who puff themselves up as supermen and think they can pick the bottom should waste their efforts and incur losses. A seasoned day trader simply waits for signs that indicate the trajectory of the stock price.Sign that the trend path is becoming clearto wait for
When you manage to catch the bottom, it feels really great, doesn’t it?
Sometimes you feel like you’re a genius (laughs).
However, the author rejects it entirely.
Those who pretend to be Superman... how horrible (laughs).
Signs that the trajectory is becoming clear—that is, trend judgment, right?
Is “the trend is your friend” true? Surely it is.
Do not yield to the temptation of the bottom…
Today as well, let’s ride the trend!
Until next time.
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