Gold up strongly Yesterday triggered a signal of another uptrend for gold, in line with secular fundamental bull trend .The time to get on this gold bus was when it stood in front of the station,and not rolling down the highway at 40 miles an hour just like Yesterday strong increase in price.
I am waiting for this gold bus to slow down first before jump into this bus. I may be wrong, but I am ready to miss this bus as I believe there is always another bus waiting for me .
Wait until all the factors are in your favor before making a trade—Using Top Down Trading approach. Look at the fundamental long term trend, follow by individual stocks fundamental, enter the trade when only your technical analysis give you the signal in same direction with the fundamental long term trend.
Once you enter a trade ,the big money is made by the sitting—the waitin’—not the thinking. Once a position is taken, the next difficult task is to be patient and wait for the move to play out. The temptation
is strong to take fast profits or cover your trade solely out of fear of losing the profit on a correction. This error has cost millions of traders millions of dollars. Be sure you have good clear reasons to enter a trade, and be sure you have good clear reasons to exit your position. It is
the big swing that makes the big money for you.
No comments:
Post a Comment