- How do you know the direction of the trend?
- How do you know the trend is in the progress of changing before change happen?
- How do you know the trend HAS changed?
Depending on which side of the trade you are on. When the market is climaxing before any change happen, the extreme feel of FEAR or GREED will creep in and distort you mind.
When the trend is reaching the extreme, it seems invincibly strong and unbeatable. Suddenly abruptly, the trend change from unstoppable strong to wimpy limp!!!
I was and am always reminded by a wise statement that ,,,,,,, THE STRONGEST MOMENT IS THE WEAKEST MOMENT!!!,,,,,,
The best time to start learning is when mistakes are made, losses are incurred. Human are subject to WINNERS CURSE and fail to learn or blind to learn or deaf to hearing when the trades immediately turn into profits without bad trades experience.
It is always best to experience set backs initially than to face adversity later which will be even more catastrophic financial exposure