Skip to content
Trading Game
Trading Game
Trade Confidently and Safely
  • Home
  • About
    • About Louise Bedford
    • About Chris Tate
    • Chris Tate Media Kit
    • Louise Bedford Media Kit
  • Podcast
    • Why Choose Us
    • Audited Results
  • Mentor Program
  • Rave Reviews
    • More Rave Reviews
    • Even More Rave Reviews
    • Extra Rave Reviews
    • Still More Rave Reviews
    • This Is Getting Ridiculous
    • Success Stories
    • More Success Stories
    • We Are Traders
    • A Poem To Inspire You…
    • Hot Off The Press Reviews
    • You Want Proof?
  • Our Network
    • Our Brokers
  • Shop
  • Blog
  • Contact
  • LOGIN
  • Home
  • About
    • About Louise Bedford
    • About Chris Tate
    • Chris Tate Media Kit
    • Louise Bedford Media Kit
  • Podcast
    • Why Choose Us
    • Audited Results
  • Mentor Program
  • Rave Reviews
    • More Rave Reviews
    • Even More Rave Reviews
    • Extra Rave Reviews
    • Still More Rave Reviews
    • This Is Getting Ridiculous
    • Success Stories
    • More Success Stories
    • We Are Traders
    • A Poem To Inspire You…
    • Hot Off The Press Reviews
    • You Want Proof?
  • Our Network
    • Our Brokers
  • Shop
  • Blog
  • Contact
  • LOGIN

Dow – Update

You are here:
  1. Home
  2. Blog
  3. International Markets
  4. Dow – Update

Price is still meandering around the initial fail point. One of the mistakes I see traders make is that they see a chart like the one below and instantly drop into confirmation bias mode simply because price looks as if it might be moving higher.

Current price action doesn’t really confirm whether this trade is right or wrong – that will only come when the trade is closed.

Categories: International Markets, Trading ResourcesBy Chris TateDecember 19, 20124 Comments

Post navigation

PreviousPrevious post:DowNextNext post:Christmas

Related Posts

A Century of Evidence on Trend-Following Investing
May 19, 2022
How Not To Measure Markets
April 18, 2022
The Professor Who Beat Roulette
March 1, 2022
Good Vibes Are Contagious
February 19, 2022

4 Comments

  1. usul says:
    December 22, 2012 at 7:56 am

    Would have thought the first failure at resistance, indicated by the shooting star candle, indicated a stalled up trend and a useful exit point?

    • Chris says:
      December 23, 2012 at 3:18 pm

      The issue I would have with that is that price hasnt as of yet failed. Traders are too eager to take money off the table at the slightest hint of something going wring. It is important to remember that prices are not linear – trends do not begin in the bottom left of the screen and head in a straight line to the top right.

  2. usul says:
    December 28, 2012 at 4:46 pm

    Thanks for your feedback insights Chris, much appreciated.

    • Chris says:
      January 1, 2013 at 6:45 am

      One of the problems with the market is that it in many ways it acts like a teaching trying to teach you to trade badly. For example one lesson I could have taken from this little error was that it was a good thing to run my stops very close becausde I got out at as better price than if I had not made an error.

      The wrong lesson is being reinforced. Unfortunately, many would take this lesson as gospel and spend eternity being filleted by having their stops too close.

Comments are closed.

Trading Game
BACK TO TOP



General Advice Warning

The Trading Game Pty Ltd (ACN: 099 576 253) is an AFSL holder (Licence no: 468163). This information is correct at the time of publishing and may not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.

Privacy and Licensing | Terms & Conditions | Referrals

  • Home
  • About
  • Why Choose Us
  • Mentor Program
  • Rave Reviews
  • Our Network
  • Blog
  • Shop
  • Contact Us
  • Log In

Copyright © The Trading Game. All Rights Reserved. | website designed by Papdan.com

Social Media: