Why Do People Buy At A Top?
- Thread starter tradingjournals
- Start date
greed blinds people's eye, or their clear logic.
the risk goes higher andhigher when each rally goes higher
there is no party can last forever.
yesterday I made a killing on NQ, those hypes are just bubbles
the fed tried hard to blow the bubble, you will see you are the naked emperor with "new clothes" on
one day when FED told you the truth, you will feel annoyed how dummy you are
...
I just laugh, when people chased Pozi scheme such as tulipa
I think the guy who deliberately buy NFLX at 398+ is an world class level moron, or the guy who buy NQ at 25.9
those are suckers, the worst losers in the planent
I like suckers, and I love the fact: 90% are suckers, buyhigh and sell low, or sell low and buy high
wow, hat off to those suckers!
the risk goes higher andhigher when each rally goes higher
there is no party can last forever.
yesterday I made a killing on NQ, those hypes are just bubbles
the fed tried hard to blow the bubble, you will see you are the naked emperor with "new clothes" on
one day when FED told you the truth, you will feel annoyed how dummy you are
...
I just laugh, when people chased Pozi scheme such as tulipa
I think the guy who deliberately buy NFLX at 398+ is an world class level moron, or the guy who buy NQ at 25.9
those are suckers, the worst losers in the planent
I like suckers, and I love the fact: 90% are suckers, buyhigh and sell low, or sell low and buy high
wow, hat off to those suckers!
I think we can easily go to 1800 on a santa claus rally.
Volatility has died down, its perfect! 2-5 point range days incoming!!!
Volatility has died down, its perfect! 2-5 point range days incoming!!!
You have an entertaining case of outcome bias
http://en.wikipedia.org/wiki/Outcome_bias
You pick a couple of stocks that fell sharply off highs after the outcome is known and call anyone who bought there a moron.
I remember back in spring of 2009 I and several of my trading friends thought the people buying ridiculous new highs in NFLX and GMCR were tulip-crazed idiots. And while we were scraping pennies off the floor trying to short them, the idiots who bought those "tops" had 500%+ upside moves to enjoy.
I've said it before and will say it again, my three most profitable trades came from buying new 52-week highs as they were happening.
price action, best action. then volume, then breadth and sentiment.
i only buy and sell on significant convergences.
i only buy and sell on significant convergences.
Where is the top?
So how can you buy it?
IMO first define yourself what trader you areâ¦
as a scalper/day trader many time I buy what goes up more then what go down (unless I go short)
A HoD doesnât mean that is the top⦠there could be much more to go up â¦.
Example: look at STXS on Thursday I got in at 5.30 (was at the top) , sold at 5.80⦠ecc
I did the same on Fridayâ¦. So IMO why not buy at the top?
So how can you buy it?
IMO first define yourself what trader you areâ¦
as a scalper/day trader many time I buy what goes up more then what go down (unless I go short)
A HoD doesnât mean that is the top⦠there could be much more to go up â¦.
Example: look at STXS on Thursday I got in at 5.30 (was at the top) , sold at 5.80⦠ecc
I did the same on Fridayâ¦. So IMO why not buy at the top?
keep fighting the trend and losing money.