Can you spot Highs and Lows in trading? No comments yet
One can not trade the emini S&P and/or other liquid indicies like Mini Dow and Mini NASDAQ unless you have a laser beam trading methodology. If there is a question that traders have asked themselves on a daily basis is “is the this the bottom”?
The bottom line is that regardless of the volatility level we can not guess tops or bottom by trader’s intuition.
Just when you think that a bottom it…it probably did not. Same goes to the up side.
What can you do to improve your trading?
1) Trail your stops as the maket goes your way. Again, stop guessing the ups and downs of the markets.
2) Once you placed your stops NEVER move them. Never!
Good Luck!