TREND is your FRIEND
TREND FOLLOWING
Trading is the Business Not a Gambling
Always Follow Your Rules
Trand is Your Friend
Reversal in a trend happens only once. If you bet on a reversals you will be right only once. If you bet on continuations, you will be right most of the times
Never buy a stock because its price has come down. Never sell a stock because it has gone up.
Never catch falling knifes. Corollary - never short shooting rockets.
Buy a technically strong stock, ideally on dips,
Sell a technically weak stock ideally on up.
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