Truer words never spoken, David Kyte:
"If you buy near the bottom of the market, it’s very easy to get out soon thereafter. If you hear, on the bunds, the market’s fallen to 47 with a low and I bought at 50, most people get out at 52, in and out. That’s your luck for buying at 50. You make your luck by pushing it, and if it goes from 50 to 60 to 70, then maybe you get out at 80. That’s pushing your luck. And that’s the difference between a good trader and an average one. Pushing your luck, by, if you’re fortunate to get into a good trade, just keeping going and trying to squeeze every last penny out of it. It’s not just waiting to see what happens, it’s also having a feel for what will happen.’"