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#407 (permalink)

08-21-2008, 12:05 PM

John Kicklighter John Kicklighter is offline

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One of my most frequent pieces of advice to anyone who asks for it is to trade with trends as they make up 90 percent of the market (up, down and sideways); but for some reason retail traders have a natural attraction to trying to pick major reversals. That is essentially the gambling play. Trying to call a major turn with lots of retracement and a tight stop (because they think there is no risk as it's reversing). This is a behavior that will never fade unless cultures change. Of course, in this inefficiency, there are trading opportunities...

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John Kicklighter is the author of Dynamic Carry Trade Basket, Watch What The Fed Watches, and Forex Trading Weekly Forecast on DailyFX.com

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