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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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https://www.youtube.com/watch?v=XLLRXqSTPjIAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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