Timing the Market
Any trader knows that being right a little too early or a little too late
can be as detrimental as simply being wrong. Timing is crucial in
the financial markets, and nothing provides better timing than price
itself. The pivotal points mentioned above occur in individual
stocks and market indexes, as well. Let price confirm the trade
before entering large positions.
Jesse Livermore believed no matter how much we "feel" that we
Jesse Livermore believed no matter how much we "feel" that we
know what is happening, we need to wait for the market to confirm
our thesis. And only when it does do we make our trades - and we
must do so promptly.
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