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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TraderAlan who wrote (7420)6/4/1999 5:08:00 AM
From: E. Davies   of 12617
 
For example, if you look at a 1-min chart of AMZN's 13 point, 1-hour run yesterday, you can see 6 pullbacks that would have provided ample sellers
Proof that "counter-momentum" can be a tricky thing. You have to be willing to let a trade go against you a little unless you hit the rare moment where you get the transition perfectly.
Knowing when to cut losses becomes the challenge then, but I'll take that over chasing everyone else to a fill anyday.
Eric
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