We have to read the full script to find out the meaning....
My own view is we are in a correction and this correction will last some more time but it will not do much price damage.I read an interview of a large foreign fund manager who has investments in emerging markets and his view is new top is very easy to get once we start the next upmove....he is of the view that we will have a strong bull market for next few years ,so strong that we have not seen anything like that in past....Though I agree with him I will not take long trading positions and hold bliendly....I need to see markets going in my way before we take position and if the trend even changes on short term, we reverse the positions and trade from short side....
Everyone should trade the trends and not the forecasts.
Wealth creation study is for giving some solid research and ideas which we can use for investments.
Smart_trade
My own view is we are in a correction and this correction will last some more time but it will not do much price damage.I read an interview of a large foreign fund manager who has investments in emerging markets and his view is new top is very easy to get once we start the next upmove....he is of the view that we will have a strong bull market for next few years ,so strong that we have not seen anything like that in past....Though I agree with him I will not take long trading positions and hold bliendly....I need to see markets going in my way before we take position and if the trend even changes on short term, we reverse the positions and trade from short side....
Everyone should trade the trends and not the forecasts.
Wealth creation study is for giving some solid research and ideas which we can use for investments.
Smart_trade
This youtube channel has some pretty interesting videos. He has actually backtested some famous trend trading strategies, mean reversal, moving avgcrossover, Donchian method, golden cross, random buy/sell and following money management.
https://www.youtube.com/watch?v=xnVVRGtVMLU
He has shown by following proper money and risk management and entry using random point you can make profits.