Friday, March 06, 2009

The Market is Never Too Low to Sell and Never Too High To Buy

The Market is Never Too Low to Sell and Never Too High to Buy

By Larry Jacobs

Important to remember what W.D. Gann said, which is relevant to this market and in fact every market.

Follow the main trend.

Have you done that?

The main trend in down.

Gann said, you will always make money by following the main trend up or down. Remember that stocks are never too high to buy as long is the trend is up and they are never too low to sell as long as the trend is down. Never sell short just because the stock is high or becasue you think it is too high. Never sell out and take profits just because the price is high. Buy and sell according to definite rules and not on hope, fear or guesswork. Never buy a stock just becasue the stock is low. There is usually a good reason why it is low and it can go lower.

Today in this enviornment how many investors and traders make decisions on hope, fear and guesswork. How many do you know that bought a stock just because it was too low.

Maybe it time that you learned profitable trading rules.

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