Picking Tops and Bottoms: Is It for You?

During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades.

As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at the “top” and going long at the “bottom.”

Take Gaurav, a young trader who called me after losing Big money in Going Long in Tata Motors after it lost 30% of its value from Highs around 600. He told me how he was so confident about going Long in Tata Motors because he thought that the correction would end at that major technical level and gave me 10's of reason that stock has made a bottom. He ended up losing almost half of his trading accounts as Tata Motors continued to slide and finally has to exit due to margin shortage.
Don’t get me wrong, I certainly understand the appeal of trying to

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