@ZaStocks@FranVezz And it beats me why nobody is looking at biotech+health and financials that are in clear uptrend. Still beating the dead horse of semis.
@mmonis Doesn’t pass my criteria yet… that said, everybody’s is different. I should’ve said “Not yet for me” instead of just “Not yet”. That said, there are tons of other opportunities that do pass my criteria so I’m thinking $AXTI can wait.
Strongly trending stocks won't just roll over and die on a single day like today. Yes, the drawdown is huge and yes it's stressful but... on days like today, the best approach (if your portfolio has high quality up-trending tickers) is to do nothing. No sells, No buys.
@ZaStocks Hi, not to challenge you, I’ve a stupid question. What about the adage that stocks take stairs upwards but elevator downwards? For risk management what if we use Weekly for proper confirmation
before buying but Daily to exit first and ask questions later at any sign of trouble?
@mmonis As of 9:43AM EST, that gap-up above volume shelf looks pretty strong to me. I do wait till after the power half-hour to finish at 10AM before making final assessment.
@RealTQQQTrader Ok, time for you and your model/strategy to shine again has arrived. Chop kills any automated system, and now all indications are that market will trend nicely at least for a bit. Good luck and best wishes!
@tarheelblue123 OK look at your charts now, proof is in the pudding. My advice - totally free - Don’t comment just because, be intelligent with facts and data.