Clean and Simple. Clean and Simple. We pound the table with, “Clean and Simple.” Clean and Simple entries work best. Forget the news; learn to read the chart and allow the bars to light your way. (Kinda makes me sad we use bars and not candles, that “light your way” part would have worked better with candles… oh well)
We sold several times “into strength” throughout the course of this trade. Some we sold for well over a triple and the rest, yesterday, for about a double. There was a lot of chit-chat on Twitter yesterday about news on GSX and it didn’t affect our decisions one bit. When GSX broke down below the 50sma and then closed below it, we sold our last shares. No television talking-head market news analyst necessary. 🙂
We like to trade in the quiet calm serenity of the chart. It’s not that we don’t know what’s going on in the world, we simply choose to not mix the chit-chat nonsense with our business. And that’s what trading/investing is… a business. Treat it like one.
