Are You a Buyer? or a Seller?

Sunday, February 17, 2013

Are You a Buyer? or a Seller? I came across this question a few years back, in my early years as a trader . Frankly I did not think it has any importance at that time. Only to be asked again one day by my teacher/mentor.
Before the a fore mentioned  question, I as a trader was having difficulty in my trading. I just could not do it. Today I would profit and to only loss it the day after. I was just buying or selling the moment I saw an opportunity.
Finally I saw the light.
I am a buyer in an up trend and a seller in a down trend
Determining the Major Trend. That's the key. The rest is up to You.