I have been thinking i should also require a stock's industry to be in a strong trend also. Maybe with no resistance in the way as well, just like a trade. I have onlly done a little research on it so far but ive already gotten the feeling it would help even more. Maybe. I did that before when i was trying to find great reversal points in the market over the summer. Now im lokoing for great strong trends to ride. With reversal points the industries didnt seem to matter since everything reversed together anyways. But with strong trends, even if most industries reverse together, different industries do trend differently. Even if they all trend together, some will look better than others by being strongER or having less resistance. Right now oil/gas and semiconductors are trending better than most. when the market is oscillatiing up, a certain industry may oscillate sideways or up or down. i didnt have time to check today's entries' industries before entering but ill keep it in mind.
Unfortunately my GRYE penny stock investment is most likely a fraud. It seemed like such a great company because someone was making it all up. oh well. ill take my money out of it after it gets up around 2 cents again. darn.
No comments:
Post a Comment