RE: BUY THE DIP/SELL RETRACEMENT3 Dec 2017 12:20
Following on from that eye opening seminar I have started to look at things on a longer term basis as the big investment banks and hedge funds do, rather than short term day trading and have started this thread called BUY THE DIP/ SELL THE RETRACEMENT for bullish and bearish stocks, indices, forex etc respectfully.
The bit in the seminar on Goldman Sachs performance over the years with only 20/40 losing days and the rest all winning days was an eye opener.
So instead of short term trading and trading often, the idea is to take a longer term view and trade less using high probability trade set ups.
I kicked off with Bitcoin. This forex is not for everyone because of the spread, currently 60 pips, but the moves price makes means there is scope for big gains until the bubble bursts. Since June this year there have been 9 high probability trade set ups, I missed identifying one on the chart. Of those 6 never went into loss, so there may be some losers short term, but in a long trending bull run all 9 are in profit.
next is a bullish stock to watch. it has been touted by Chart of the Day so based on that video one has to be careful.
The Chart of the Day belongs to AxoGen (AXGN). It is a regenerative medicine stock at a high. I then brought up my chart to review for consistent price appreciation.
AxoGen Corp. is a regenerative medicine company engaged in the development and commercialization of technologies for peripheral nerve reconstruction and regeneration. It offers products for the repair of peripheral nerve injuries. AxoGen Corp was formerly known as LecTec Corporation.
chart below. this shows 5 opportunities to buy or accumulate stock during 2017 using the brown EMA54 acting as resistance as the entry to buy on the dips. this is a buy the dip stock until the bull run ends imo. No entry yet as it is at a high.
http://content.screencast.com/users/LEFKOSIA/folders/Default/media/d2a51c38-fe93-479b-9bc3-ff88aaf315ba/AxoGen%20Inc_20171130_18.52.png