Friday, January 06, 2006

KISS - you know what it means

  • You buy a stock expecting it to go up or down.
  • Keep in mind, as a "trend follower," you will not catch the very beginning or end of the trend.
  • Again, you buy.
  • After 4 or 5 days the stock does not move up.
  • What should you do?

Well, remember, you are a trend follower. Are you in a trend? Does not sound like it if the stock has not moved up. I have gotten killed because I bought and the trend did not materialize or continue. After 4 or 5 days you should know if you are right or wrong. Answer: I would sell.

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