- Published: 28 April 2014
- Written by Editor
By Rob Booker
A Zen saying is enough to answer your question: As soon as you find your teacher, leave your teacher. To elaborate: What makes you believe that you should be following anyone?
If you follow market sentiment, I assume you are a trend trader, and you are doing what everyone else does. When is the last time that someone got disgustingly rich from doing what everyone else is doing?
Trend trading, or market sentiment trading, assumes that if you can identify the trend, and find an entry with the trend, you will be safe because you will be following the crowd. And you can’t tell the market what to do, right? The market is bigger than you. The market will beat you to death, and then throw your body in the river. Then it will drain the river, find your body, and throw you off a mountain. That’s why people say, “You should only trend trade.”