Two ways to play it:
Fight the tape — assume the market's wrong, you see something others miss, fade the move.
Follow the tape — assume the market's right right now, stay on the same side, ride what's working.
I'm in camp two. The market doesn't care what you think it should do. Price is the only truth that pays. Follow the tape, respect the trend, don't argue with what's in front of you.
Fight the tape — assume the market's wrong, you see something others miss, fade the move.
Follow the tape — assume the market's right right now, stay on the same side, ride what's working.
I'm in camp two. The market doesn't care what you think it should do. Price is the only truth that pays. Follow the tape, respect the trend, don't argue with what's in front of you.