This ad became very popular in the 1960’s and 70’s (see company info)
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Fight breakouts or go with them? The above charts reflect that of late, it has paid to buy breakouts with trailing stops. Suggested to buy the Nasdaq breakout here on 1/3. (see post here) Follow up post here (see post) New Mid-Cap breakout at hand (see post here)
Often times at breakouts, new buyers come in, pushing prices much higher. Is the price action acting any different this time around?
Keep the stops on the NDX 100, MDY, XSD and EEM at 4%
Captain John….Well said! another favorite of mine…Trade what you see, not what you think!
Pride of opinion has destroyed more investment careers than anything else!