Tuesday, February 4, 2014

Losing positions are liquidated almost immediately.

Trades lasting hours, or days at the most.  Losing positions are liquidated almost immediately.Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.