Not too sure about all these people claiming to be "reducing their position" on each retracement then buying back in again. That seems to be a remarkably poor trading strategy for a stock that is now in an uptrend with momentum.
I think too many people forget that an uptrend is higher highs and HIGHER LOWS... In other words, there have to be LOWS, or retracements. But the uptrend now has some momentum behind it, according to the charts and indicators.
So whipsawing in and out of the stock, for a brokerage fee each time you sell and each time you buy, doesn't seem all that smart to me. Wouldn't it just be better to ride the uptrend for as long as it continues, and if it breaks the uptrend line or a support level, then tests it again from below and fails, then THAT would be the time to bail out, yes? You may miss the absolute pinnacle of the uptrend - but not by much.
Those who are investors as opposed to traders, of course, won't be swayed by little price swings anyway.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)