I was guilty of this.
Whenever I saw a big move in the markets, I told myself:
Quick! Get into this trade right now. The market is leaving without you!
I’ll “chase” the markets when it’s so bullish, and looked like it’s going up forever.
I lost big when the reversal came — and I’m long near the highs. Ouch.
So, why do many traders make this fatal mistake?
Well, I can only think of this quote…
A major mistake most traders make is using their own fear as an exit signal and their own greed as an entry plan. — Steve Burns
Now after being bruised and battered, I’ve wisen up…
Instead of “chasing” markets, a better way is to trade is, to let the markets come to you.
Which is what you’ll learn in today’s video:
- How to stalk the best entry by letting the market come to you — like a lion stalking its prey
- One little-known trick to “chase” the markets like a pro (for advanced traders only)
- The two best trading setups on my radar (hint: one of them has broken a key Support area)
So, go watch it right now:
I hope you’ve enjoyed this week’s market analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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