When trading CFD / derivatives, one must consider timing of entry and exit critically in addition to the trend direction .... also must do homework thoroughly for conviction in the trade decisions, must have nerves of steel, and be humble enough to swiftly stop-loss if the trade "really" turns sour.
Fear not to re-enter / add-to the original trade if you're sure the trend has bottomed / topped out, because peaks and troughs (that are over-done) are created, I imagine, by traders holding mega positions to maximise profits before trend reversals. I think final short covering and dumping of long mega positions are behind these over-done price actions.
Cash for the trader is ammo for the soldier, so don't use all your bullets on one target !
What I said isn't trading advice, DYOR !
NCM Price at posting:
$21.64 Sentiment: None Disclosure: Not Held
