As traders with a focus on shorter-term profits, it can seem natural for us to discount long-term historical trends.
After all, why bother with what happened decades ago when we're focused on making money now?
That kind of thinking causes us to miss a lot of opportunities.
As we just saw in the Chart of the Day, studying these long-term trends can indeed be very useful for traders.
The market moves in cycles – cycles that have constantly repeated themselves over the decades.
And it's not only long-term trends that can help us uncover opportunities.
We should also study the methods used by traders "back then" to still make profits in the most challenging times in our history.
How do I know?
Because that's exactly what I did.
And what I learned from studying the methods of these legendary traders allowed me to create one of my most powerful trading strategies ever.
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