studying stock market trends
Whipsawed? One good trend pays for them all!
No approach to trading avoids all losses, but good approaches minimize losses, maximize gains, and produce net profits over time. The approach of Ed Seykota has been a notable success. The “Whipsaw Song” is a fun introduction to his trend-following approach.
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Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.