Saturday, March 22, 2014

KLCI - Macro view LONG TERM

One of the biggest problem for Technical Traders as people loves to be termed "TECHNICAL" is that most of these half past six traders loves to call market top and bottom without seriously understand how a top or bottom are formed.

From my own experience (after numerous mistakes) I can safely say that LET MARKET DECIDES WHERE IS TOP AND BOTTOM. Yes, I have the ability with a good level of confidence to know when peak or bottom but I don't think that is my OBJECTIVE. I rather exit when it is near the peak and accumulate when it is near the bottom. Spare myself of picking the date and level.   


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