Tuesday, March 20, 2007

Successful trading calls for the ability to find 2 groups of ill-informed individuals:

1) those gripped by fear and anxious to give up their merchandise (stock) to you too inexpensively

2) those led by greed, willing to take up your merchandise (stock) too expensively

The key buy setup was designed to help the master trade come into the market as a buyer, precisely when the group gripped by fear and fright is anxious to leave the game

This simple entry technique is one of the most powerful concepts in our trading arsenal.

No comments: