When you are right, you need to sit tight ! Only buy and sell when buying and selling signals showed in the chart. This March, I bought in BAC below $3. Then with in a short time my BAC gained more than 200%. What a windfall profits in a short time, I thought. So I took the nice profits. But now when I look back, what a joke, BAC runs to the $15 range. That's a 5 bagger in 2 months. The lesson I learned here is: "Never ever judge for the market ! Just follow the market trend !" A lot of profits gained already or a lot of losses will never be the reason for you to sell a stock !On the other hand, buying in only when the market says buying. Never buying because the company is super good. The real value of stocks are always zero !! Stocks are just a trading tool.
Yesterday, I mentioned that "As long as the price motion stays inside the channel, the bulls will win !" So today, the bulls win !
I expect NASDAQ will breakout 1880 very soon. It may be next week after the long weekend, if not tomorrow.
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