Take It Easy
On a day like today, one of the easiest things to do is to overtrade. There are quite a few pullbacks and not much energy, so it is very easy to buy and sell just to keep busy. When I can't find many new things to buy or trade, I often find myself selling stocks that are still OK technically just to do something. I justify it by thinking that the action is weak and there is risk of more downside, but often I'd be better off if I had done nothing and waited for real weakness first.
One of the good things about action like this is that it helps charts to set up. We have lighter volume pullbacks to support and we are able to see what has good relative strength or underlying support....61 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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