Kardec Trader explains why timing exact market tops and bottoms burns traders. Instead, aim to capture a portion of each move, progressively larger ones, using calculated risk and a real edge when you enter.
Trying to catch tops and bottoms. I know so many traders that get burned from the market because they do one thing where they try to catch the exact bottom or the exact top of a trade. They try to buy right at the bottom or sell right at the top. And I always tell traders, our job is to take as much as we can from a move. We don't have to take the whole move as long as we can get a piece of it and improve to get a bigger and bigger piece that has a calculated risk and edge behind it. That's what we should take home.
