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<p>[QUOTE=&quot;-jeffB, post: 1780686, member: 27832&quot;]I&#039;ve heard this a lot, but let&#039;s tease it apart a bit.</p><p><br /></p><p>How can you tell a price is rising? It&#039;s higher now than it was. So, if you buy &quot;when the price is rising&quot;, you&#039;re actually buying <i>after the price has risen</i>.</p><p><br /></p><p>Similarly, if you try to &quot;sell when the price is falling&quot;, you&#039;re actually selling <i>after the price has already fallen</i>.</p><p><br /></p><p>What people generally mean is that you should buy <i>when the price is going to rise</i>, and sell <i>when the price is going to fall</i>. That&#039;s absolutely the most sensible approach. All you need is to be able to predict the future. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Sure, there are trends and inertia -- but when you have an active, liquid market, full of people trying to guess at the same things you are, the net result is quite unpredictable. Otherwise, it wouldn&#039;t be a very good market.[/QUOTE]</p><p><br /></p>

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