Fitz Bits: Stick With the Trend

One of the most important elements of trading is also the simplest -- stay on the right side of the trend. If the stock is going higher, you want to be long. If the stock is going lower, you want to avoid it at all costs. Perhaps you want to short it, but most traders aren't comfortable shorting stocks and that's OK. There are always plenty of opportunities for bulls. Even on the very worst of days in the market, some stocks still printed all-time highs.

Many traders spend too much time trying to predict the next move. If you're a fundamentalist, you may find yourself looking with disdain at expensive stocks that are trending higher. You want to short them. You just know they are too expensive and that they can't go up forever. (See Tesla (TSLA) for the scary version of this contrarian approach)....554 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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