Is it safe to re-enter the markets?
With the markets dripping red over the last month, it’s prudent to ask whether this is the start of a major bear trend or its final exhaustion.
Source: moneyweb.co.za
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With the markets dripping red over the last month, it’s prudent to ask whether this is the start of a major bear trend or its final exhaustion.
It can lead to analysis paralysis, indecision and losses.
QuickTrade did an analysis of its traders, and losing traders had these errors in common.
Some traders take losses personally, and begin to doubt their own strategies. Successful traders do the opposite.
The Nasdaq index, a favourite among professionals, is 12% off its peak, but don’t discount a deeper pullback before the rally returns.