In downtrending markets, any potential reversal moves whether its the PPT or Bernanke related will come without warning, and you do not want to lose all those profits.
At worst, you'll be stopped out but you can always reenter the winning trade at a higher price point.
In uptrending markets, you can afford to be loose with your stop because the pullbacks to the 5-day, 10-day, 20-day, 30-day, and 50-day moving average are designed to shake out the weak long. But in downtrending markets, there is no guarantee of a reversal move to recover either a breakeven position or some of your profits.
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