Timing
If you are focused on a particular commodity futures, and your new tools, techniques and dreams tell you that there is a move worth trading, it is not the time to rush in. Selection is about what is going to change; and timing, the second element of speculation, involves when the change will actually happen. Timing is to narrow down to a more specific point in time when the price just starts to change. This is where simple tools such as trend lines, price fluctuation breakouts and patterns come into play. The importance of timing is to let the market prove it and be ready for an explosive move in the direction you choose. What does this mean? In the case of planning to go long, I can say that "falling prices do not mean that there will be an explosive move to the upside." On the contrary, falling prices may bring about another wave of decline. This is the simple truth of Newton's law that "what moves will always move." Traders are always in conflict. We want to buy, according to traditional logic, at the lowest price possible, but trend experts say not to buy something that is falling! My advice is not to buy at the cheapest price, wait until the explosive move begins. Even in this case, you may not be able to buy at the lowest price, but it is much better than being locked in by a new low price
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