The last hour often tells the truth about how strong a trend truly is . “ Smart ” money shows their hand in the last hour , continuing to mark positions in their favor . As long as a market is having consecutive strong closes , look for an uptrend to continue . The uptrend is most likely to end when there is a morning rally first , followed by a weak close .
– Linda Raschke
" Its when you ' re winning that you are most susceptible to making a mistake , overtrading , putting too large a position , violating your rules , or generally operating as if no prudent boundaries on your behavior are necessary . "
- Mark Douglas
“ To know that we know what we know , and that we do not know what we do not know , that is true knowledge .”