Just my opinion. It's probably better to wait for better long
setups. I sold my longs way too soon, but I rather not chase here.
That's likely what many of the crowd is doing today. A pullback can
come sudden when least are expecting it.
Posted by johnc4b13 on 23rd of Jul 2009 at 11:02 am
When you mean withstand, do you mean, that you willing to risk
the market falling back to a level where you're sure, like 100%
that it will stop and continue to come back up where you entered
today?
Or are you just emotionally inclined to enter today
because you don't want to miss this so called bull market that
everybody thinks we're in?
In other words, you want to get on the bulls bandwagon?
yes resist the urge to ge emotional. I said last night
that either we pullback right now or rally hard! well we
ralied hard. continue to play the trend, play longs and take
profits along the way and keep moving to new longs. Keep
stops tight now now, but play the trend.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
For swing traders who can
Posted by poohnana on 23rd of Jul 2009 at 10:57 am
For swing traders who can withstand a pull back would it be okay to enter long now to catch the rest of the LARGE B WAVE UP?
Just my opinion. It's probably
Posted by cw12 on 23rd of Jul 2009 at 11:02 am
Just my opinion. It's probably better to wait for better long setups. I sold my longs way too soon, but I rather not chase here. That's likely what many of the crowd is doing today. A pullback can come sudden when least are expecting it.
When you mean withstand, do
Posted by johnc4b13 on 23rd of Jul 2009 at 11:02 am
When you mean withstand, do you mean, that you willing to risk the market falling back to a level where you're sure, like 100% that it will stop and continue to come back up where you entered today?
Or are you just emotionally inclined to enter today because you don't want to miss this so called bull market that everybody thinks we're in?
In other words, you want to get on the bulls bandwagon?
yes resist the urge to
Posted by matt on 23rd of Jul 2009 at 11:04 am
yes resist the urge to ge emotional. I said last night that either we pullback right now or rally hard! well we ralied hard. continue to play the trend, play longs and take profits along the way and keep moving to new longs. Keep stops tight now now, but play the trend.