Bottom Picking: Only for the Brave...
Yeah, you know, IF this is a big, big bottom, the last 1/8 or even the last $8 is not a big deal. As I always said, a trader's job is to make the easy money. Let someone else take a bunch of stabs, lose a ton of money, just so that they can say, "I got the bottom"...and in the case of an uptrend, let's them waste their money to say, "I shorted at the top."
We know it's all a big lie. Usually, they run out of money after a bunch of tries, and then it bottoms!
Teresa |
