Editor's Blog2 mins ago
Whipsaws
2 Answers
I don't quite understand the last sentence (because they.... screen). Why do whipsaws mean you can be a successful trader and still have a full life away from the screen?
The reality is these whipsaws are inevitable, whether you’re sitting at the screen or not. They’re an acceptable cost of trend-trading, acceptable because a few big trends pay for all those little losses. And also acceptable, because they mean you can be a successful trader and still have a full life away from the screen.
* Whipsaw is a condition where a security's price is moving in one direction when it quickly changes and moves in the opposite direction.
The reality is these whipsaws are inevitable, whether you’re sitting at the screen or not. They’re an acceptable cost of trend-trading, acceptable because a few big trends pay for all those little losses. And also acceptable, because they mean you can be a successful trader and still have a full life away from the screen.
* Whipsaw is a condition where a security's price is moving in one direction when it quickly changes and moves in the opposite direction.
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