False, most traders DO think about catching tops and bottoms and is probably why most fail. Trying to pick tops/bottoms is much more difficult than riding a macro trend.
Why Do People Buy At A Top?
- Thread starter tradingjournals
- Start date
If I had to guess I would say because.......
Racism?
Racism?
what happened to this thread
and how many points did the index climb up since this very first post ??
just a memo
the op must have made heaps since then..
He had a model called "fade the stupids" which was a top caller, basically - the idea was to fade traders who buy tops. It seemed to work for a few cents, as he was making live calls in the ES journal, but no one believed he was slinging a real account with it.
I guess "the stupids" were smart to buy that "top", way back when!
Scaleout.Scalper
Guest
You are right, I should have said, most successful traders.