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Posted 05/05/2016 9:21 pm
@montanaCMR
well, its important to always look for 52 highs, and its also important that while u do that, determine when this move start, as you want to get in as it starts, get in early. Remember, we want to buy assets that are in uptrends/yearly highs and get rid off or sell short assets at yearly lows.
But BETTER than assets hitting yearly highs or 52 highs as we also call them, you should take notice and be eager to get into assets at yearly highs and that at the same time are making ALL TIME HIGHS. Never ignore assets that doing this price action at the same time.
As an example, with gold, when it broke the 800s, that was getting over its yearly highs and all time highs and we see how far gold went. So do not ignore assets at all time highs.
IF you feel better selling some on the way, do so, tho thats not really how its done for the most part. But if its working for you, and helping you with whatever emotional/psychological barrier you might have with just holding the entire position, then listen to your senses... and yes keep entering, so long as its in an uptrend.
I know some assets, when I trade them, once I identify a pattern, I prefer say doing several thousand shares on a 52 high b/o and then letting it run for a day or two and closing it out. Then on the other side of the trade I might be legging into it at the same time. This way I am extracting as much out of the market as I can.
For your point 4, again, just dont worry about that for now. Your job is again, to hold on, ride the trend.
Trends do not disappear in a few months, weeks, days. When assets start to hit yearly highs or lows, it can go on for a while, often longer than we can expect. Within the trend there might be occasional changes in patterns of behavior but none that affect the overall trend.
Trends last. Didnt we watch silver and gold go down for a period of about 4 years? How long were silver and gold going higher before the downtrend started? IT was in a multi-year trend. Therefore, allow the trend to run its course.
A trend takes times to change but right, we still are at the start. So you need to concentrate on sitting tight, sitting on your hands and do not worry about when the change trends. One day this up trend will cease. But that is not our job right now to look for. If you keep worrying about when the trend ends then you will end wanting to bolt sooner, leaving money on the table.
when I get some time I'll offer some clues, as expressed to us by price when its time to jump off. but for now hang in there, be patient. Trends follow the path of least resistance and that right now is up.
well, its important to always look for 52 highs, and its also important that while u do that, determine when this move start, as you want to get in as it starts, get in early. Remember, we want to buy assets that are in uptrends/yearly highs and get rid off or sell short assets at yearly lows.
But BETTER than assets hitting yearly highs or 52 highs as we also call them, you should take notice and be eager to get into assets at yearly highs and that at the same time are making ALL TIME HIGHS. Never ignore assets that doing this price action at the same time.
As an example, with gold, when it broke the 800s, that was getting over its yearly highs and all time highs and we see how far gold went. So do not ignore assets at all time highs.
IF you feel better selling some on the way, do so, tho thats not really how its done for the most part. But if its working for you, and helping you with whatever emotional/psychological barrier you might have with just holding the entire position, then listen to your senses... and yes keep entering, so long as its in an uptrend.
I know some assets, when I trade them, once I identify a pattern, I prefer say doing several thousand shares on a 52 high b/o and then letting it run for a day or two and closing it out. Then on the other side of the trade I might be legging into it at the same time. This way I am extracting as much out of the market as I can.
For your point 4, again, just dont worry about that for now. Your job is again, to hold on, ride the trend.
Trends do not disappear in a few months, weeks, days. When assets start to hit yearly highs or lows, it can go on for a while, often longer than we can expect. Within the trend there might be occasional changes in patterns of behavior but none that affect the overall trend.
Trends last. Didnt we watch silver and gold go down for a period of about 4 years? How long were silver and gold going higher before the downtrend started? IT was in a multi-year trend. Therefore, allow the trend to run its course.
A trend takes times to change but right, we still are at the start. So you need to concentrate on sitting tight, sitting on your hands and do not worry about when the change trends. One day this up trend will cease. But that is not our job right now to look for. If you keep worrying about when the trend ends then you will end wanting to bolt sooner, leaving money on the table.
when I get some time I'll offer some clues, as expressed to us by price when its time to jump off. but for now hang in there, be patient. Trends follow the path of least resistance and that right now is up.
Edited by yup7676
05/05/2016 9:24 pm
05/05/2016 9:24 pm
confident in stocks anyways.
