good comments....I usually try not to prejudge any move, so I do also await higher volume on SMSC....because "PSYCLE sm" traders are diversified, both long and short, and NOT "overnite" traders, and have NO emotional ties to any issue, it really depends on the action....
all that's important to me/us, is that we are long, only depressed issues of decent quality, right near their lows, in bases, when others are not, with close stops below recent lows....which makes future decisions much less stressful, since, normally, they occur with profits already, dig ?
as you know, most other people only buy "breakouts", which is O.K. some of the time, but, often, one gets "fakeout breakouts", and why "pay up" anyway, so we only buy near the low, which I teach, which removes that later stress....hope this helps.... have a good long weekend all, and I will alert y'all when/if necessary on SMSC forward |
