Monday, July 30, 2012

Homeserve continuing its uptrend

UK stock Homeserve which I hold keeps on ticking up nicely following its breakout, and also held up well during the early part of last week, when the markets fell quite sharply.

Nothing much to do here except stay in the trade until an appropriate exit signal is given, rather than try and be 'clever' and take profits when you think there's a reversal coming (NB - unless the rules dictate that you apply the Uniform Risk Exit, as described in my e-book). You may be right on the occasional trade doing that, but over the long term, sticking to the rules, and playing for the absolute returns is what gives trend following its positive expectancy.

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