Porgie, if following trend was so easy, everybody would be rich
you need to understand more market fundmentals to really get it right
what you mention is true, buy low with UP trend, correct.
The advice you dispense is ok, its not bad at all.
but you are missing a few other important parts.
Its a bit too general to make money off of, because the trend doesn't really change, Its just that daytraders feel the trend has changed, but in reality trend is still up.
The safe areas to buy or sell doesn't happen every single day, Do we buy a new house everyday?
Some days are plain not tradeable if you want a good risk/r.
In reality, I didn't know what will happen today, but the probabilities of it being up this week is low. Even if it was up, it won't be up much. (Everybody can make money painting my fence for $10, I'm sure nobody in this forum will come over and paint my fence because the reward is too low, but you see traders painting the fence on ES every single day)
Market can be up today, but down on tuesday, it can be up monday tuesday, but 2x down on wednesday.
This week is just not a good week to be buying because everyone else is.
Espically on the ES market, price always Return To Average. Average of 500 Companies. It does what it is.
