Chapter 6. Timing the Entry
Most people believe that the stock market represents what is taking place within the economy at that time. The successful trader, however, knows that this couldn’t be further from the truth. It is this very misunderstanding that separates most people from their money. Although a firm grasp of the economy might assist you in formulating a thesis or a theme from which you may consider your investment options, we have already discussed the extreme importance of allowing price action alone to be your primary guide, rather than your own opinion on where the market should go. Throughout my career, I have seen countless extremely educated people lose fortunes in the market as they have bet in the direction of their economic ...
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