RE: Showing weakness again again?2 Oct 2024 11:44
LWHL, that's exactly right as no-one can see into the future, you can take an educated guess on what's next and there are sound reasons trying that out. Although I haven't set buys at the moment, I do that also at times. It makes some sense (although it's speculative as you really should be patient and wait for buying pressure to come to the fore). I almost bought this around 430, it was very tempting. That's my 'it can't go any lower' side causing me problems. Trouble is, it can go lower and patience is what makes you money. I sit all day, every day watching and fighting my ill-disciplined side to force myself to nothing. Might sound daft, but for me, that is hard work. If YOU does get to the 350 area (I stated in my post that I'm not calling that in a confident way, then I imagine that I'll be buying. By that time I may even have set limit buys. If it falls farther, there will be people who claim TA is rubbish as I'm sat on a loss, but I've called this lower since around 570, any buy below that, means that TA has helped me. Obviously I'd like to closer to the bottom, as that is where the value is to be had. That is the area where the chances of getting out with a profit are highest.