One feature of the trap-zone is its dynamics, which has been discussed before. It will never be static, unless the trading of the stock is halted !
Usually, the dynamics of the trap-zone will indicate the direction of the next money-making zone once the trap-zone is completed.
As discussed recently, the bulls have tried to breakout the trap-zone for three times so far, will the 4th time test be real and broken out ? Very very possible. But, never guess ! You know, that's a good trader's habit and my trading philosophy! Never guess what the market is going to do ? Simply because it's the market that leads us ! Just let the market makes its own decision and follow it.
On the other hand, please notice that bears also tried to breakdown twice.
Another 10 bagger stock pick is almost doubled today ! Very nice. When I alert CLFD here on May 11, Its low is 1.16.
All of our 10 bagger stock list have been doubled since alerted here in May!
This simply tells us a truth, after the market established the trend in March and April, then follow it in May, we still can win ! Therefore, never try to follow the trend in a hurry ! The market has always given us and will continue to give us plenty of time to follow it! The KEY is to follow it in the right direction !
market tanks, but clfd is still up. that's a good pick. thx. --zz
ReplyDeleteThanks for reminding us to follow the market.
ReplyDeleteActually, i think everyone knows it, but it's hard to do it correctly. I made many mistakes in this way. I use my fear and hope instead of market logic to trade. So I know I have long way to learn. Again, I'm happy i found this blog.
Good luck to Tiger and everyone here. And Good Weekend.
--yy