It does generally help super-performance growth stocks like ALU when the U.S. markets are rising. But it is less time consuming and more productive to ignore what the world major indexes are doing. Less irrelevant information more efficiently allows a growth investor to exclusively focus on their stock portfolio. I have a trailing stop loss in place for ALU. Meanwhile it can be a boring process holding on to stocks going up for months or years. But is is very profitable which makes it worthwhile.
ALU is now trading in blue-sky territory near all time highs with no previous price overhang.
Most of my work goes into chart software stock chart searches looking for stocks breaking out to new highs. I need to be very aware of all strong stocks I currently don't own just in case one or more of my portfolio stocks fail and need to be replaced.
Current Holdings: AX1, ALU, BPT, BVS, JIN, NAN, NEA, NHC, PNV.
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It does generally help super-performance growth stocks like ALU...
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