September 24, 2008
Day stock trading – It could bounce between the top and the bottom of the box and I was perfectly satisfied.
Once I had decided on the dimensions of the box, the stock could do what it liked, but only within that frame. In fact, if it did not bounce up and down inside that box I was worried. No bouncing, no movement, meant it was not a lively stock. And if it were not a lively stock I was not interested in it because that meant it would probably not rise dynamically. Take a stock which was within the 45/50 box. It could bounce between those figures as often as it liked and I would still consider buying it.
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