RE: Watchlist - Investor method
(2013-05-22, 09:00 AM)bluemosaic Wrote: Regarding JMAT.L - wonder if it is worth waiting for pullback of breakout or putting half on now and half on if it pulls back. I know these different approaches are discussed by Weinstein (invest vs trading approach)
On the Stage 2 continuation breakouts like this, the trader method is to put 100% position size on the breakout. However, as that was missed in the last few weeks the strategy now would be to look for a pullback to support to get in, which would be around the 2500-2600 zone imo, as you shouldn't chase.
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.