How to Stop Trying to Predict Market Tops & Bottoms? 😤

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How can I stop calling tops and bottoms? I keep trying to predict market tops and bottoms and its frustrating - I want to stop doing it! Hank Lee asked us this question: OK.P

Any advice on "how to stop calling tops & bottoms and fakeouts?". I think I'm keep trying to be contrarian and keep look for reasons to counter trend trade. I have only been making little money by scalping little moves but never made money on trends... I am keep thinking "this time it will be different and bull flag will break downward this time" .

For years, I see a trend breakout starting, but I don't join the trend because many initial breakout looks like a fakeout after a long consolidation. I also see a long lasting bull trend and don't hop on the trend because I think it is "over extended" and look for short opportunities.

This is very common. As traders generally speaking we want to be contrarian. You really need to decide what to do here. You can either stop doing it or try to harvest it. Paul Tudor Jones once remarked that he wasn't very good at capturing trends but he was good at catching turning points. Fading moves is a very profitable strategy under the right market conditions.

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