Yesterday was a good day, a very good day indeed! I went long the streetTRACKS Gold Trust (GLD) ETF and Becton, Dickinson and Co. (BDX) for our portfolios and closed nearly breakeven already! Both are purely trend plays and I will hopefully ride them till the trend tells me to get out via a trailing stop. I also sold a few positions yesterday to take some profit and to close out any clunkers.
One of the few cardinal rules to follow in trading or investing is to always buy strength, never buy into weakness! The reason being is that you’ll never know how weak the stock will get and how much money you’ll lose.
So how do you find these potential strong winners? Why you visit my members section for the latest breakout scan! Starting today I’m adding a daily post in the members section (FREE) that will feature any “breakout” candidates to watch for possible entry. Check out the two I posted today!
From around the Social Web!
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