Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Stay Flexible

The emerging markets ETF is a good, quick example of how open-minded you have to be in the market sometimes. Note the tight channel, as price had come to a head (light blue lines) along the 50-day moving average. It could have been a huge move higher, and still might be. But you cannot get married to that thesis when you have a day like today, with a nasty bearish marubozu on its way to being printed.

In overall strong markets, it is not fun having to take 3-5% losses here and there on longs. However, that is part of risk management, as is remaining flexible even when a chart pattern looks inevitable.


Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter


  1. TheHarper


    • 0
    • 0
    • 0 Deem this to be "Fake News"