Josh Martinez from Traders Agency likes to remind his followers that the market trades in waves. He may sound like a broken record at times, but the simple fact is worth repeating. And believe it or not, it's one of the biggest secrets behind how his strategy works. Too many traders think that it's nothing but a straight line to the next high price once a rally starts. Unfortunately, that's not how it works. Along the way, we'll get retracements (temporary price dips).
And you've probably heard so many pundits and experts telling you to "buy the dip." But it's a bit more nuanced than that. For Josh, there's a crucial piece of the puzzle that many gurus leave out. Instead of focusing on the dips, we need to look at the U-turns that come after those dips. Without a U-turn, we have no way of knowing if a price drop will actually turn positive or keep dropping. If you're tired of buying dips, only to see the market continue to tumble, check out what Josh has to say about accurately predicting future price movement. It will save you a lot of heartache and money!
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