TraderSenman
Many people make the most common mistake in trading: trying to guess the bottom. When they see the price drop, they start fantasizing, "Almost there," "This time it must be the lowest point"; the harder it falls, the more eager they become to guess. But in reality, the bottom is never guessed; it is revealed through the process.
Why do most people lose when guessing the bottom? Because guessing the bottom is essentially fighting against the trend. In a downtrend, prices can go lower than you imagine, and can even continue below what you consider the "bottom," causing your patience and capital
View OriginalWhy do most people lose when guessing the bottom? Because guessing the bottom is essentially fighting against the trend. In a downtrend, prices can go lower than you imagine, and can even continue below what you consider the "bottom," causing your patience and capital
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