Friday, March 4, 2016

The Long View

No, I'm not making predictions.

I am remembering the story of a famous trader, who when asked what his secret was, threw a chart down on the floor and got up on the desk to look down at it. The point being that it was necessary to look at the big picture. I find it helps tremendously to always see where a stock is in relation to time.

Look at the weekly charts for several years. Particularly when trying to catch a bottom.


The examples abound in the mining and materials space.

USE THE SHORTER TERM CHARTS TO POSITION YOURSELF FOR THE LONGER TERM.

CONTROL RISK!

gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh