Think about it, it doesn’t matter what technical tools or fundamental stories I am using to back up my decision on a trade, it is essentially my 2 cents in the end. All I am doing is to build a supporting structure using chart patterns, momentum indicators, fundamental story, etc. to give me confidence to execute a trading decision.
An interpretation of a chart is nothing more than my 2 cents in attempting to forecast the short or long term direction of the price action.
My belief in the fundamental story of a stock is nothing more than my 2 cents in attempting to form a vision of the future.
Nothing is ever guaranteed in life and everything has its own risk; but it all starts with our taking a position or direction based on our 2 cents.
History has shown that while it is in our nature to take risk, it can be catastrophic to take risk for granted. Our 2 cents can only takes us as far as we are correct (aka being right); but to ignore the risk (aka the cost of being wrong) will be foolhardy. This is why we must always take precaution to cut our losses when our 2 cents turned out to be worthless (aka being wrong).
Because it is ONLY my 2 cents, there is no need to prove how right I am. If I’m wrong, I can throw my two cents away. In other words, don’t pay top dollars to keep your two cents and learn to cut your losses quickly folk!