The trader’s fallacy: “Buy low, sell high”

Whenever I hear people┬átalking about how they would trade if they had the chance, one sentence remains prevalent in all the conversations I’ve seen. “Buy low, sell high.” The problem with that is, what exactly is low? Oil at $70 could have been construed as low, and I seriously thought that that was it’s bottom.… Continue reading The trader’s fallacy: “Buy low, sell high”