⏳Waiting for a bull market... Part 3.
"Golden Rules" by Bob Farrell
5️⃣ The majority buys at the highs, and the minority buys at the lows. Logic says to “buy” during sales and “sell” during euphoria - investors act completely the opposite. The average investor is most bullish when the market tops and most bearish when the market bottoms.
6️⃣ Fear and greed are stronger than long-term plans. These emotions can be confusing, make you act impulsively, and go against your plans. Don't let your emotions take over and always trade according to your plan. Fear consumes when the market is falling, and greed consumes when it rises in your direction. Any of the options can play a cruel joke, so it is important for the investor to keep a cool head. If emotions run high, inhale and exhale and analyze the situation, but do not act rashly.
7️⃣ Wide markets are strong, narrow markets are weak. Breadth and volume play a role.
