I used to buy when a stock moves up and sell when it goes down. It took me a long time to realise that this might feel nice, but really does hurt profit potential. Toni Hansen showed me the importance of momentum. IPG was a strong mover in the morning but came off the highs. [...]
Archive for October, 2008
You could call it a trend day…
Many traders would call today a trend day since it started at one end of the range and closed in the other. From the sound of it you would think that you can make a lot of money on these days, yet usually I do worse on those days. Probably because I keep feeling I [...]
