(Total Views: 1126)
Posted On: 09/21/2017 8:08:39 PM
Post# of 75464
Trading a down trending stock to the long side (or what some call 'flipping' as if it was easy) is far more difficult than trading/flipping the clearly uptrending stocks.
I risk my money on RMHB trades because I ultimately believe there will be a sustained uptrend coming. When and IF that happens I will gladly shift towards an investment (based on the weekly price and volume action).
No investor is harmed by people who step in short term and support buying at certain levels, yes we sell sooner, but we help to add credence to support levels. Technicals work for me and will be important to me on the long term charts during an investment as well. I never short RMHB and hope people understand that for me it is a trade until it shows me (in a way that I understand) that it's time to invest.
As always, Best of Luck to All!
- Plan
I risk my money on RMHB trades because I ultimately believe there will be a sustained uptrend coming. When and IF that happens I will gladly shift towards an investment (based on the weekly price and volume action).
No investor is harmed by people who step in short term and support buying at certain levels, yes we sell sooner, but we help to add credence to support levels. Technicals work for me and will be important to me on the long term charts during an investment as well. I never short RMHB and hope people understand that for me it is a trade until it shows me (in a way that I understand) that it's time to invest.
As always, Best of Luck to All!
- Plan
(3)
(0)
The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking and reaching your own conclusions - Jesse Livermore
