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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: investolator2000 who wrote (1308)	5/18/2023 9:34:44 PM
From: WEagle	Respond to of 1795

I wanted to add additional comments to what I2000 just said and showed with the 3 year daily bar chart of JOB. While the longer term monthly bar chart is what we rely on to find Ted type formations, we still look at other charts such as daily bar and weekly bar, and shorter time frames to try to understand what is going on. And, once we own a stock, it becomes important to follow the stock on daily basis and at certain points when the stock appears to be making a strong move, we may need to check it multiple times a day. I take a daily glance at my stocks almost every day but I don't look at a chart of the stock every day until I see that it is beginning to make a move. Stocks with significant losses that I am holding get less attention because I know they will need more of a move before I need to make any decisions. Ted said that an Investolator, having bought a stock according to Ted's formations and rules, should never sell the stock at a loss. That is to say, hold on to the stock because you never know when a stock will make a move up. And for any stock that goes belly up, it is still a risk that was worth taking. Back to the main point I was trying to make, as can be seen on the daily bar chart in July 2020 and again in March 2021, the highest points in those quick thrust occurred within a single day and the stock didn't close any where near the high point of the day. The best execution of a sell on either of those opportunities would require paying close attention on those days as well as the immediately preceding days. And of course, we will still probably not get the top price unless we are really lucky, but we certainly want to take advantage of that price spike as much as is reasonably possible. WEagle