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If sell rules include selling a position at 20% UNLESS it goes to 40% (then stay in and watch)... how do you not sell at 20% and miss that 40%? What am I missing? I'm new to this method, but have always sold at or around 20%. I'm watching a stock that has hit it's "profit" area on the MarketSmith daily chart after coming out of cup with handle pattern (stage 1, 36 weeks). It is 29% from pivot point. Can someone help me understand this method in this situation? Am I watching the stock only, the market direction and the stock??
Thanks for any and all advice.
I'm not sure I entirely follow your questions, but here's my best efforts:
Hope this helps,
YES, that does help! the part about holding if stock runs 20% in 2-3 weeks... <----that's what I was wondering! Thanks so much!!!
The rule says if a stock goes up 20-25% within thefirst 1,2, or 3 weeks MUST hold for min. of 8 wks.
If it DOES NOT, sell when up 20-25% BUT NEVER LET THIS KIND OF PROFIT TURN INTO A LOSS!!!
says nothing about 40%, WHAT stock are you watching??
Ope, sorry.. so not good at keeping up with the forum. The stock was QIHU. I've been reading so much my brain hurts. But... so far so well worth it. :) Been at this for several years and only recently finding consistencey all thanks to the info found here. Does anyone know of any software or excel spreadsheets for tracking multiple people? I want to separate my kids money. I don't want to spend time making one.
Thanks again for all your help! I'm beginning to understand this even more!!
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