RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-05-11, 07:06 PM)isatrader Wrote:Yes, I suppose any stop from the previous low would have been around 780. The sharp pullback was what got me searching and caused me to find Weinstein's book. I'd suspected the rapid rise of the coulple months previous was too good to last long and wanted my plan B worked out.(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.
I think the FTSE has been ropey all the way since then.