If you think about it, it makes sense – the very best time to buy something is when everyone is convinced that the price is going to fall lower, and the very best time to sell something is when everyone is convinced the price is going to shoot to the moon. Just learn the importance of trading against the crowd. The crowd is reacting to the market, and you learn to react to the crowd, this simple change in mindset can produce incredible profits if you are willing to look like a fool (in the eyes of others).
Archives of “moon” tag
rssThe Contrarian
“But being a contrarian requires a superior sense of what is real, and what is out of synch with reality. In general few amateurs possess this level of judgment and perspective, and end up just looking silly and eccentric after a few correct calls, taking the opposite position because it is the opposite, proclaiming night to be day, and the moon to be cheese.” –