November 14, 2014

FSCHX - Poised for a downturn

This is rather retrospective....haven't been posting many trades as Christmas holidays got in the way.

I closed this early as the chart looked like it was poised for a downturn, based on at RSI over 80 and other market conditions at the time.

Target was $156. Profit was 2.6% in 9 days.

Here is the retrospective look. Was I right?

That's why RSI 80 (yellow line on the bottom graph) is the sell signal. Don't hang on too far.. you get greedy. It's better to look for new opportunities than try and squeeze profits out and then get in a panic when you a month's profit disappear see them disappear in a few days

The powers of destruction are always greater than the powers of creation.

Take the profits why you are paying attention, not while you are distracted by falling prices.




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FIDSX 5.2% in 31 days