By: Scott Redler
As long as you enter the market or your stock correctly you are always in the game. If you entered Goldman when I sent the chart out on July 13th to BUY at 138.50 when it breaks its downtrend, you would be involved for the big move we saw yesterday.
If you’re a day trader, it worked that day for a few points. If you’re a swing trader, you could have sold some and held with the proper stops. GS never went under 135 the listed stop. If you’re an institution, you could have nice cost averaged position.
Either way, entries and exits are key. You need to base your trade on skill set and time frame. Goldman Sach’s continues to be a cash flow machine for those who trade it well. People say you can’t time these markets, I say you have to.
