Position traders should keep in mind the urge to
sell on pullbacks is always greatest at the turning points.
Not exact matches
The MTG Stock Screener is web - based software that simply uses preset formulas to quickly narrow down and provide you with a list of the best stock breakout or
pullback setups, but it does NOT provide you with specific guidance
on trading strategy or when to buy and
sell.
Like Sonkin, other fund managers are increasingly turning to small - cap companies with no
sell - side coverage, hoping an industry - wide
pullback in analyst research will allow them to buy into more «unknown» companies before they get
on other investors» radar.
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The «daily pivot» strategy is considered a unique case of reverse trading, as it centres
on buying and
selling the daily low and high
pullbacks / reverse.
Let me explain, let's say you want to
sell a market at resistance because the overall trend is down and you want to join that downtrend
on temporary strength (a
pullback to resistance).
As a «regressive» price action trader, we are looking to buy or
sell from value within the trend... waiting for the inevitable
pullback and then pouncing
on an obvious price action signal if one forms.
Reason being is everyone has cash
on hand to buy stocks because they are
selling their positions in this
pullback we are in right now.
What we have found is that the trader needs to focus
on stocks that are in longer - term uptrends, that then
sell off or
pullback within that overall uptrend.
There isn't anything
on the news front currently driving this
pullback, however given the heavy
sell off within recent trading, it isn't too surprising to see such a move.