IBM long position held in ambush for half a month—nice and steady, and we’ve taken a good bite.
Has the market been swinging back and forth lately, causing many people to chase and get stopped out, getting washed into a mess, unable to hold even half their position?
We had already laid out this IBM long on July 14: entered around 202, and now it’s steadily reached 226—the short-term targets have been hit precisely.
I’ve always emphasized trading with light leverage and a stop-loss—position sizing is determined by the stop-loss. What you’re competing with in trading isn’t frequent actions, it’s timing and composure. Follow our approach and you won’t miss a single bite of the meat. #IBM $IBM
Has the market been swinging back and forth lately, causing many people to chase and get stopped out, getting washed into a mess, unable to hold even half their position?
We had already laid out this IBM long on July 14: entered around 202, and now it’s steadily reached 226—the short-term targets have been hit precisely.
I’ve always emphasized trading with light leverage and a stop-loss—position sizing is determined by the stop-loss. What you’re competing with in trading isn’t frequent actions, it’s timing and composure. Follow our approach and you won’t miss a single bite of the meat. #IBM $IBM