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RE: TIB: Today I Bought (and Sold) - An Investors Journal #113 - Bitcoin, Italy, India, US Retail, Sony, Aus Investment Banking

in #investing8 years ago

Reversal trading is all about watching price move in one direction and waiting. You are waiting to see a signal that price is going to reverse direction. And (generally) the only way you know it is reversing is when it has already reversed.

When price is going down, trying to time a reversal before it has shown it has reversed is called "catching a falling knife" = OUCH