Thursday, December 9, 2010
Ascending support vs. breakout
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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2 comments:
Very nice intellectual observation and thinking.Good to go with flow and stay away when it is breakout.But it is very tempting to trade when scalping.
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