It's tempting to call your broker or go online and just start buying out of fear of missing out. Don't do it, a bull market last for plenty of time to have several legitimate opportunities to get in.
There is a simple rule to follow and that's a "setup". A setup is a defined place in any market where key metrics and price patterns trigger the initiation of a new position. Depending on the time frame your trading, it could be days, weeks or months before a setup develops. The burden is on the trader to study how they want to approach the market before the 1st trade is ever put on.
How You Can Get Burned Jumping On The Bull Market
Friday, 20. October 2006
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