Pubblicato il 19 Marzo 2019 da Veronica Baker
I refer to as “the call of the countertrend”.
There’s a constellation of cognitive and emotional factors that makes people automatically countertrend in their approach.
People want to buy cheap and sell dear.
This by itself makes them countertrend.
But the notion of cheapness or deamess must be anchored to something.
People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant.
This perspective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”.
Therein lies the path to disaster.
A great trader
Not only a good technical analyst.
A great trader is :
A good technical analyst
An excellent risk manager
A developed organic endurance
A developed psychological posture
I understand this thinking (and experimenting) for myself.
Trading is not just buying and selling.
Trading has a soul that must be comprehended.
And an aspirant trader should explore it before starting buying and selling.
Even if he/she is good in statistics or technical analysis.