Buying high, and selling low. And this is due to our upbringing where we are taught to buy low and sell high. Imagine going to a supermarket, you’re always looking to buy things which are on discount. And if something cost more than usual, you would avoid buying the item, right?
But when you translate that into trading, it causes most traders to miss massive trends in the market because they are always looking to buy low, and sometimes price simply doesn’t come back low enough.
This is a serious trading issue as it leads you to miss trends in the market.
Ready to kick-off your Trading Game with Manchester United?Go to article >>
In this week’s video, I will highlight this with the USD/JPY and Nikkei example, and explain how traders are missing beautiful trends in these markets.
You need to remember; price is never too high to long, or too low to short.
If you want to read more about the USD/JPY opportunity, read here the guest article on the USD/JPY high since 2007. And if you also want to become a guest blogger, apply here.