Jan,
Good Evening.
Thank you for the input. It made perfect sense. Your second scenario is what I had in mind. I was assuming (there's that great word) that the market, sector, RS, trading band, FA, etc., were all copacetic.
Then, if a particular stock had a healthy run up, and one still wanted to make an initial purchase or, add to an existing position, was there a general "rule of thumb" as to how far the stock should pullback before one pulls the buy trigger for optimum risk/reward.
It probably just comes down to an individuals comfort level. For now, I'll continue using the pullback numbers I referenced.
Your charts are a great addition! Nice work.
Eric |
