9.21.2020 - Downtrend

The number of stocks that hit new high prices significantly dropped compared to yesterday. During market downtrends, most stocks decrease in price. It may be wise to let your stop-loss get triggered and stay on the sidelines because we never know when a downtrend may end.

Just like Nicolas Darvas, it is better to have the odds with you than to try and single out those few unicorns that beat the odds during downtrends. That comes to say if a stock is going against the downtrend, it is one to follow.

Recent Posts

See All
FE Transparent.png