Trend Trader Charlie Wright states:
“It took me a long time to figure out that no one really understands why the market does what it does or where it’s going. It’s a delusion to think that you or anyone else can know where the market is going.
I have sat through hundreds of hours of seminars in which the presenter made it seem as if he or she had some secret method of predicting where the markets were going. Either they were deluded or they were putting us on. Most Elliott Wave practitioners, cycle experts, or Fibonacci time traders will try to predict when the market will move, presumably in the direction they have also predicted.
I personally have not been able to figure out how to know when the market is going to move. And you know what? When I tried to predict, I was usually wrong, and I invariably missed the big move I was anticipating, because it wasn’t time. It was when I finally concluded that I would never be able to predict when the market will move that I started to be more successful in my trading. My frustration level declined dramatically, and I was at peace knowing that it was okay not to be able to predict or understand the markets.”
Dear Trader friends, don’t try to predict the market, you don’t need to know what is going to happen next in order to become the Winner. Just follow the CLOSING PRICES, they will tell you the truth, they will tell you everything – whether the market is on the uptrend, downtrend or sideways trend!