Quote:
Originally Posted by lewdog
That makes no sense. Buy stocks in uptrends for trades, don’t guess on a stock trending down for when it will reverse as that’s much more difficult to time. |
It is very hard to guess when a stock is going to KEEP rising.
You buy it when it's going up it might get dumped shortly thereafter. Good way to become a goddamn bag holder.
I'd rather play it conservatively. I'll buy at 52-week or 6-month lows and bet on it going up in the short term. That has worked well for me.