|
PureBytes Links
Trading Reference Links
|
Of course that is the Nec plus Ultra, the caviar of all trades... But sure,
if, in addition, you are in stocks and buying a strong leader in its sector,
you got yourself a very low risk very high return trade!!! This is the one
time where you need to slam the trade, and be a pig big time!
Gwenn
Earl Adamy wrote:
> Also can be dangerous to buy at new highs ... a conservative strategy is
> to wait for a major correction followed by a rally which exceeds the
> prior pivot high (higher high) followed by a retracement which fails to
> exceed the prior pivot low (higher low) followed by a break above the
> previous pivot high with a stop at the previous pivot low. This provides
> a nice combination of buying near the lows while forcing the rally to
> prove itself against controlled risk.
>
> Earl
>
> ----- Original Message -----
> From: "Phil Lane" <patterntrader@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, January 28, 2000 7:13 AM
> Subject: [RT] STK: more theories
>
> > It's dangerous to buy stocks in a correction, hoping for a great
> price. The
> > safest thing is to wait for a new high, i.e. let the stock prove
> itself.
> > That way you won't get stuck in a situation like this one -
> >
> > rgds phil
> > http://www.patterntrader.com
> >
|