Stock Trading Rule No.1
Stock Trading rule no. 1.
Always follow the trend because the trend is your friend (or your worst enemy).
If you would have bought and held this stock at 90% of the points since mid November, you would have lost.
You were very lucky the stock went up yesterday. There is a very, very, very, very high chance you have not picked the bottom and that the stock will continue to fall.
You will not pick the very bottom or very top.
Always follow the trend because the trend is your friend (or your worst enemy).
If you would have bought and held this stock at 90% of the points since mid November, you would have lost.
You were very lucky the stock went up yesterday. There is a very, very, very, very high chance you have not picked the bottom and that the stock will continue to fall.
You will not pick the very bottom or very top.
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