Agoracom Blog

This Is Why You Don’t Chase Parabolic Charts

Posted by AGORACOM at 12:26 AM on Monday, March 7th, 2011

It’s easy to get caught up in the trading frenzy currently taking place in the junior resources sector – but I’ve stated over and over again that you don’t chase parabolic charts.  If you missed a boat, you miss a boat.  Better to let it go then get burned by the avalanche that is very likely to take place after a parabolic move.

IF … IF …. IF you insist on jumping aboard a parabolic move on expectations it is still going higher (it’s your funeral), then you MUST set very tight stops.  Otherwise, you are purely throwing a desperation Hail Mary … and shouldn’t be in the market.

Here is the latest example of post-parabolic carnage …. somebody got hurt.  Don’t ever let it be you:

Comments are closed.