"Trend is your friend" as one of the most important rules when it comes to stock selection, it tells me two points:
1. When I have a choice between two stocks--one uptrend and another downtrend, to go long, I will consider the one with uptrend trend first, vise versa if I go short.
2. Stocks tend to follow its trend until it reverses.
Sembmar is the only stock that in my watchlist(I have about 100 stocks which I monitor on daily basis) survived in this round of correction and still in good shape of uptrend. Well done.
For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.
The Secret Recipe: Trading Success = Winning Trading System - U
The Secret Recipe: Trading Success = Winning Trading System - U
Tuesday, March 22, 2011
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