So here is the truth of the play: I'm buying at what I see to be a low on the chart. The trend is against me, but I'm betting the trend will change soon. I'm buying ahead of confirmation so you can call it a gamble if that pleases you.
Your selling at a low on the chart. The trend is with you. You have every reason to believe the trend will continue. You are selling ahead of confirmation the trend will continue. I'll call that a gamble.
Remember though, most traders buy tops and sell bottoms. I favor my take on this trade any day of the week (yes I'm very biased).
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