Monday, October 22, 2012

Riding the trend(s)

There are still plenty of stocks that are trending upwards despite the turbulence in the markets at the moment. Below I've shown three more examples of UK stocks marching upwards. Seing trends develop like these is one of the reasons why, if you are holding such a position, you should never close the trade without getting an appropriate exit signal. Who knows how long these trends will last?

The only issue you have with such a trade is to ensure you keep your fingers away from the 'sell' button and let the trend play itself out. Again, this is a lot easier if you have conservative risk parameters, allowing you to have an 'emotional indifference' and focus on the process, rather than the outcome.

No comments:

Post a Comment