If the price keeps on moving and you wait for retracement you will miss the boat. But chasing the price is risky. What would you choose to do?
===================== 008/200 Miss the boat?? Much prefer a sinking boat in a bear marlket; not that i would broadcast that to general public. But this website is not general public Daily charts help me a lot; main long term 200 day trend helps, medium trend helps [ down in bear market] short trem trend means the least Got in late, in sinking boat C; trade went against me for some time, but monthly support & resistance/ charts are handy . Covered real close to $5.00 because simply like to tighten stops the longer i stay in a trade. I thought C may go below $5. but did not have the conviction, to hold thru much of a retrace. Conviction that comes from focusing on a few; helps also.Staying in a trend long enough to profit nicely is another way to deal with risk,also.