Stockmarket trends worldwide are, after a little bit of hesitation, still up. China is the exception so far, they have had a bad start of the new year.
If you are a mediumterm trendfollower, like me, you will probably want to hang on to your stockpositions and maybe add on new positions on dips. Then it is, of course, of great importance that you keep track on your stoploss levels and your position sizing. As always..
Some questions I am very curious about are: Will we see VIX below 15? Will gold continue its uptrend even if interest rates would go up?
Time will show..
Thursday, January 27, 2011
Wednesday, January 19, 2011
Buy on dips
Most stockmarket trends are still up despite the downturn today. I will buy on dips but it is, as always, important to use stops if you trade.
If you make longterm investments then it´s another ballgame, but otherwise you should set stoploss levels BEFORE you trade. On Nasdaq Composite I use 2644 as my stoploss level.
If you make longterm investments then it´s another ballgame, but otherwise you should set stoploss levels BEFORE you trade. On Nasdaq Composite I use 2644 as my stoploss level.
Subscribe to:
Posts (Atom)