CMG
PCLN
RVBD
PPO
VRX
TPX
APPL
BIDU
HS
GREAT LIST. Why did I sell it out?? One reason is to cash out 15-20 percent above 30 day moving average and most of the cases, whenever the stock moved up, it went 50-60 percent up.
Hmmmmmm. Need to rethink about the whole strategy. Follow the basic instruction the book Secrets of profiting in Bull and Bear markets. The book does not talk about continuation rally and other patterns but the basic idea of holding above 30 day moving average is so important.
Any way I had to learn the hard way. At least now I know, the reason why. Stocks can consolidate 50-60 percent above the 30 day moving average so do not sell. Just keep holding even if there is a correction of 10 percent. Buy at right points and keep holding till the stock comes 7-8 percent below the 30 day MA.
PCLN
RVBD
PPO
VRX
TPX
APPL
BIDU
HS
GREAT LIST. Why did I sell it out?? One reason is to cash out 15-20 percent above 30 day moving average and most of the cases, whenever the stock moved up, it went 50-60 percent up.
Hmmmmmm. Need to rethink about the whole strategy. Follow the basic instruction the book Secrets of profiting in Bull and Bear markets. The book does not talk about continuation rally and other patterns but the basic idea of holding above 30 day moving average is so important.
Any way I had to learn the hard way. At least now I know, the reason why. Stocks can consolidate 50-60 percent above the 30 day moving average so do not sell. Just keep holding even if there is a correction of 10 percent. Buy at right points and keep holding till the stock comes 7-8 percent below the 30 day MA.
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