RE: Stage Analysis Beginners Questions
In Ch. 6 of Secrets for Profiting, Weinstein talks about how to trail your stop. I noticed that when the stock is at the end of S2 or beginning of S3 that Weinstein often raises the stop before the price has gotten back to the previous high (ex. fig 6-23 stop at I and fig 6-24 stop at J). At this stage, it also seems like he raises the stop on minor dips, not just those that are significant (7% or more). Why do you think he seemingly veers from his guidelines during this stage, and without explanation I might add?