Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
rpietila
on 25/03/2014, 13:39:34 UTC
Surely that remains a possibility (with quite high probability actually, because 375-400 is a support that likes to be tested), but who cares really at this point? Trying to trade it is suicidal, and if you're accumulating, it does not so much matter. Waiting a few months takes care of the problem. (Yes I understand that this is a TA thread, sorry for belittling its importance  Grin )

People far overestimate the ability to pick tops and bottoms. I am better than most, because at least my trading is profitable. Still I typically only capture 30% of the full extent of a move, such as $100 per coin on average if the move was from 700->400.