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Noel Campbell
17 Sep, 2004
A few weeks back I wrote about the 180-degree pressure date on the chart of Sugar. I actually entered the market the day after the low and sat tight with stops under the 180-degree low.
A question that always arises when trading ABC’s is the need to trade the one day swing chart in sympathy with the weekly trend. This will certainly give you a stronger trade, and one could say a trade with a higher probability for success.
I have a question for you. Is the sun going to rise tomorrow? Yes? How do you know? Think about it. How do you know the sun is going to rise tomorrow?
I have heard many investment advisers tell clients that if you buy a share (or take a futures or options position) and the price falls (and that is a familiar story) then if you buy more this will reduce your input costs.
There are times when avoiding a loss can feel just as good as taking a profit. Now that might be somewhat of a stretch, but I’m sure some readers out there know just what I mean.
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