- trend following systems
- capitulation bars
- understanding news / macro events
Go tell Soros who broke the Bank of England.
Go tell those who sold the pound on the Brexit referendum.
Go tell those who sold the euro when the ECB announced QE.
Go tell CTAs running systematic trend following systems.
Here's a detailed example: trendfollowing.com/whitepaper/CMT…
- HODL =/ greatest investing strategy.
- Not HODLING =/ active trading.
- Indiscriminate Dollar Cost Averaging is suboptimal.
- For long term speculators, shorting bitcoin best avoided.
- No need to buy the bottom / sell the top to do well (relax).