Don't Trade Against the Trend
by Craig
(Florida)
It doesn't make sense to trade against the trend. If you look at any stock in an uptrend, you will see that it is met with very shallow pullbacks that don't last for very long. This is not a good environment for shorting!
If you look at any stock in a downtrend, you will see that it is met with very short rallies that don't last for very long. This is not a very good environment for buying stocks!
Trade with the trend. Buy pullbacks on strong stocks in up trends and short rallies on weak stocks in down trends!
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