If they do not believe it themselves why should I believe it?Yellin was undeterred in her objective to taper and end QE3.
September is around the corner.
Lets see.
In a perfect world.....but like in anything, comes down to your trading plan. We all have rules of entry and the money exit, well some of us have exits, newbs generally don't have clues where they concentrate on the getting in like opening an account.Thats B.S. Stocks trade in ranges based on support and resistance, you can always buy or sell at support or resistance, with a profit target at the next support or resistance, that way you know that either A) support or resistance will hold, or B) support or resistance will break, stopping you out for a small loss, so you know exactly what your risk is, and if it bounces and goes the other way you know where your first support/resistance line is, bottom line is if your buying or selling on support/resistance levels you always know exactly what your risk is and theoretically it could go the other way forever, but you can determine your reward based on the first support/resistance the other way, then you can always try for more.
The onyl way what your saying would hold true is if a stock just went sideways forever.
Thats B.S. Stocks trade in ranges based on support and resistance, you can always buy or sell at support or resistance, with a profit target at the next support or resistance, that way you know that either A) support or resistance will hold, or B) support or resistance will break, stopping you out for a small loss, so you know exactly what your risk is, and if it bounces and goes the other way you know where your first support/resistance line is, bottom line is if your buying or selling on support/resistance levels you always know exactly what your risk is and theoretically it could go the other way forever, but you can determine your reward based on the first support/resistance the other way, then you can always try for more.
The onyl way what your saying would hold true is if a stock just went sideways forever.
Hum, I wonder if the stock index futures will rally tonight. I have not used my ignore feature in quite some time. I used it today. Technically 17900 is still a valid support. YM currently at 17907. That tiny dip down to 17880 was not a critical breach. Still holding long, average price 17900, 20 contracts. Stop set for tonight at 17862. Good night sleep tight.