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Don’t Count on Luck - 2007/07/03 15:46
In Trading, most of the traders feel, "buying is easy, it's selling that's the hard part." The goal of every market participant is to buy an asset when the price is low and sell it right before the price crumbles.
Trying to pick the top of any movement in the financial markets is not easy and luck often plays a bigger role than most traders would like to admit. Lucky trades can be part of trading, but traders shouldn't let good luck go to their heads - a strategy that wishes to stay profitable over the long run cannot depend on luck for its superior results.
Luck can play a role only when the trade is for a short-term. For long run trades, the participant should follow a strategy as how to trade. But if one stick on too luck for long-run trades, then it is for sure that the person is gonna lose the trade.
Luck can play a great role in the outcome of a trader's most memorable transactions and that the key to being successful, but over the long run it is better never rely on this luck. Basing a trading strategy on time-tested methods that have proven their worth over hundreds of years has lead us to accept the situations that are beyond our control, both good and bad, because over time, strategy is what is going to keep us in the trading game. Selling at the peak is the exception and not the norm. As a result, traders must be willing to stick to their trading strategies.
So in my opinion, don’t count on your luck for long, because the yield may not be that good as it would be if you rely on any strategy.
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Traders Forum 
So you see a low in the FTSE.
