It is easier said than done as we would be shaken out.
GCB : I traded GCB last year ... but I didnt hold. Today, it is reaching new high ... high is going higher.
It is THAT difficult to sit on UPTRENDING stocks ...do nothing and AVERAGE it UP ...once it breakout again.
Turtle-trading is a trend following ... lose 7 trades small as uptrend failed, get TWO good trade up and keep adding position up. GREAT uptrend would cover all the small losses and giving us good profits ...over time.
EASIER SAID THAN DONE.
It is THAT difficult to sit on UPTRENDING stocks ...do nothing and AVERAGE it UP ...once it breakout again.
Turtle-trading is a trend following ... lose 7 trades small as uptrend failed, get TWO good trade up and keep adding position up. GREAT uptrend would cover all the small losses and giving us good profits ...over time.
EASIER SAID THAN DONE.
This is HEVEA ... as I traded her (and whole sector) up ... but didn't HOLD till trend is over. Of coz now is a DOWN trending stock and we should not be bothered. Let all others argue about the fundamentals and recovery of the sector ...we should be riding uptrend ...in OTHER stocks, OTHER sectors.
TEH
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