Someone once said the objective of a bull market is to advance as far as possible without any people getting in. A bear market falls as low as possible without many people getting out. The typical investor gets interested in the market at the top of every bull trend and get scared out at the bottoms. Also at the beginning of a bull market most people are traders. At the top they were all investors.
This is the reason 95% of people lose money in the market.
Buy-and-hold doesn't work except for a lucky few.
Question: How do we make money then?
Answer: Short term momentum trading using Technical Analysis
Friday, May 15, 2009
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