Quote:
Originally Posted by Hammock Parties
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.
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That’s not playing conservatively, that’s more risky than my trading.
It’s what most people think and it’s why 90% of traders lose. A “cheap” stock is many times cheap for a reason and it’s harder for individual stocks to reverse a trend than continue a current one. That’s why you buy stocks while they trend higher and set stop losses on moves up to decrease downside risk and lock in made gains.
It’s ok if you don’t want to learn though. I’ve provided plenty of education in here and some people just prefer guessing without a plan, which is how you become a bag holder.