RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-05-11, 06:52 PM)pcabc Wrote: Using stage analysis I should perhaps have binned NG in June 13 - but I stuck with it seeing the previous months action as a blip, everything was running up. Though hindsight is fine I wonder what the best strategy would have been? I think in this case stage analysis meant I would have sold them just at the start of the long ramp up following that blip.
No, although a very sharp pullback, the investor stop loss wasn't violated in June 13, and so sticking with it was the right thing to do per the methods rules. Plus the market was still in Stage 2, although the FTSE was looking a bit ropey at that point.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.