Good things take time, just like price reversals

One-day trend reversals are memorable.  They happen so fast that you don’t have time to react, especially if you wait, as you should, for the end of the day to place your trade.  However, just because they are memorable like plane crashes, it doesn’t mean they are the norm.  They are not.

The best reversal patterns take time.  Rewards are bestowed upon those who are patient enough to wait.  Many lashes and gnashing of teeth occur to those who fight a trend thinking they have spotted just the right reversal day.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s