GREY:ENGFF - Post by User
Comment by
steadfaston Jan 06, 2011 7:29am
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Post# 17931633
RE: RE: RE: RE: RE: RE: RE: RE: Everything seems s
RE: RE: RE: RE: RE: RE: RE: RE: Everything seems sseekthetruth:
I like the buy and hold it - According to Jesse Livermore:
It was never my thinking that made the big money for me. It was always my sitting. My sitting tight.
We must be patient after we have made a due study of market conditions and made our trade.
Once the stock in question begins moving in our favour, it is then simply a matter of raising stop
losses and locking in profits along the way until the market signals the end of the trend.
He also carefully avoided selling too soon preferring to let the market announce the
commencement of a downtrend. Never try to sell at the top. Sell after a reaction, if there is no rally.