Trade Objective: BOBO=>SOR
If you wonder why I don’t do TF, it’s because I’m awful at it. I’m terrible in setting my stops. What I’m used to really is setting Target Prices/Selling at Resistance. If the stock rallies further then I just have to accept it, plan a buyback & exit plan if I want to re-enter, or just lie down and cry.
Fortunately, I’ve gotten past the part where I lie down and cry. Believe me there were countless stocks that I missed the monster rallies on coz’ I’ve sold at resistance. You might get crazy and become too emotional on your next trade if you don’t get over it quickly. As a momentum trader, naturally, I sell on strength.
There’s no one way towards success. That’s why in the ZF course, there are plenty of ways / strategies in buying or selling. You just pick your poison and choose where you’re good at.
So whether you’re better at Trend Following or Swing Trading, just remember one thing:
Focus on strengths.
I need another +10% trade to hit my monthly quota this month by only trading uptrending stocks and so far, so good. 🙂