Selling when a share is going up?

buzzing

Junior member
27 0
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!
 

Brumby

Established member
593 138
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!

What book is it? I would certainly like to read it.
 
M

member275544

0 0
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!

its not a good idea..its a crazy idea.
 

wino59

Active member
126 12
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!

This is like saying buy low, and sell high...no ****, but easier said than done...

I would almost bet if you followed this strategy you would get crushed... the DOW has been going up since January, would you buy it now? I certainly wouldn't. It is in a topping pattern, and volatility is entering, and close to a double top, I would want confirmation and a 2 closes above 14200 before I would go long the market right now. I am actually looking for an opportunity to short the market.

There is a lot more to trading than that statement - but it is taken out of context so I will reserve judgement.... who wrote the book?
 
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aparoid89

Active member
146 1
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!

Yeah sure. A stock that is trending will most likely continue to increase in price. If the trend does turn against you then be sure to leave asap.
 

Torch

Member
57 0
I think I've read this book. Is it by Billy ray Valentine?

If it is the book I'm thinking of, he's talking about the pork belly market specifically
 

buzzing

Junior member
27 0
I think I've read this book. Is it by Billy ray Valentine?

If it is the book I'm thinking of, he's talking about the pork belly market specifically

Yes, that's him. So his strategy was only meant for the 'pork belly market' ?
 

buzzing

Junior member
27 0
Yeah sure. A stock that is trending will most likely continue to increase in price. If the trend does turn against you then be sure to leave asap.



Ok. So you say leave ASAP, you mean using a stop loss? And when you buy, how much lower than your buying price do you set it?
 

FringFX

Active member
244 6
I just read in a book that it is good to buy when a stock is going up and then sell after it has gone up further, is this a good idea? I guess you're following the confidence!
that is a basic concept that needs some context. you could interpret it in several ways.
if you sell when price is falling, then you would be selling at a loss or a smaller profit, wouldn't you?

what is the book title, by the way?
 
 
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