One thing to remember, do not chase a stock even if it is trending higher.. Unless you have done your homework that you can reach your targeted price.
Make sure you have a target price to sell and not to wait to hope it can go higher. Remember Newton's Law.. What goes up will come down and vice versa...
But remember too, this is not applicable to any stocks as some stocks might be a "rotten stocks" without any good fundamental and you will be stucked there forever on a the most bottom price when nobody wants to buy the stock.
Remember it this way, you must always hold something that is worth buying and not high risk by hearsay the stock will post to boom. Always find facts why you think the stock is a good buy and what are the weaknesses for a particular stock.
For more tips, check out my newsletter which I am sharing trading tips on the right side.
Thanks,
star-trader
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