There have been times when the entry looked perfect and the stock had everything going for it technically speaking. But, I wouldn’t pull the trigger because I wasn’t familiar with the stock. So, I’d miss the stock running up and miss huge profits. What I have to do is: PULL THE DAMN TRIGGER!
I’ve also widened my stops. In this market, you are seeing a lot of dip buyers. In the short run the stock may fall, but in a couple weeks you could see it hit a new high. I will be looking to execute the previously mentioned tactics in this week. Keep an eye on APPL, GOOG, LULU, DECK, GS!
Labels: Finances, Pro Stock Trading Tips