To put it more succinctly, the reason why trading pull backs is so profitable, is because markets ebb and flow, and a pull back helps you to refine your entry point so that you are entering at or close to the turning point between the ebb and flow (again, this is not top or bottom picking because we are not trying to predict a trend change). In these market conditions, we would ideally trade in-line with these moves but ideally enter a trade after a pull back, but if we only applied this concept, we will miss some trades as there won’t always be a pull back. A trader truly focused on trading pull backs must learn discipline and patience, because trading pull backs means you aren’t just entering wherever and whenever you want.