Re: clester's Account Talk
Originally Posted by
quabit
I hear you. Since missing this run up I still have 2 trades as I was hoping we would see a test of the lows however with the Powell put firmly in place after hearing his "Patience" speech yesterday I get the feeling the most we might see is a minor pull back. Sucks that I missed the run but if this plays out like when Yellen established her "put" we could see plenty of upside and only minor pull backs along the way.
So I need to rethink my plan as such my plan was to move in today in order to better utilize the two trades for next month. Of course today had to be up and on top of yesterdays big day so I'm with you in being worried. Hoping I didn't buy the high with Feb being a normally crappy month. Also what will Amazon do after the bell has me worried too.
Its tough trying to time a buy. Waiting for a pull back can leave you on the sidelines for way too long. Been there. Buying a rally can bite you too because at anytime a sell off can take place. I think the best advice is to make 2 buys of 50% so that you won't get burned if it goes bad. We are due a pull back .if we don't get one this month then march could be ugly.
100 G
RSI - Relative Strength Indicator DMA - day moving average
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