Understand correction is for accumulation (not all stocks apply)

2020年6月22日

Sometimes, I get questions from members or followers when they see a correction, they think of sell.

Well, technically , they can but again it is not a question of buying or shorting only. You gotta understand your own profile as a trader and/or investor. For example, I seldom short stocks but rather accumulate them when there is a correction.

Some of the companies include

Amazon

Facebook

among many others that I have in my portfolio.

Lockheed Martin has been on my watch list for a while but for some reasons, it keeps going up and thus I have no chance to buy it.

I hope this correction will offers me the buying opportunity that I am awaiting.... There are 2 levels that I expect the price to retest before it rebound again.

Let's review in a few weeks time.

2020年6月28日

ノート

Buy zone level 1 hit but considering the bigger picture, I am still not taking a bite on this company yet. Let's see if buy zone 2 will be hit in the next few weeks.

2020年7月7日

ノート

God bless me. We can see the selling pressure is quite strong and thus buy zone 1 acting as support might be broken down. Be patient, no need to rush

2020年8月7日

ノート

next Monday can add more

2020年8月15日

ノート

wionews.com/world/taiwan-finalises-62bn-purchase-of-f-16-jets-from-lockheed-martin-320733

2022年3月3日

ノート

Praise God, regardless you enter at buy zone 1 and/or 2, you would be making good profits due to the circumstances now !

2022年11月14日

ノート

Fast forward 8 months later, we can see from historical patterns that each time the price action visits the support zone, it bounce back quickly.

2022年12月19日

ノート

Praise God. Those who get in at buy zone 2 - congratulations !!!!