I seldom make one buy and one sale of a stock. My methodology is to average in and average out and to use varying time frames. I'm constantly evaluating my positions as conditions evolve.
A lot of traders like to set stops and price targets the moment they buy a stock. It doesn't make sense to me to do that sort of predicting when the situation is dynamic. Stops that seem reasonable one day may make no sense the next day. Rather than try to predict the best selling price, I prefer to react as the stock moves.
No comments:
Post a Comment