dchua1969

A triple top formation coming up for AMD

NASDAQ:AMD   Advanced Micro Devices Inc
See chart

What happened to buy low, sell high?

If for whatever reasons, you believe this stock is going to the moon, wait for the price action to prove itself when it breaks out of 58.78.

And even if you are 1000% sure that when it hit the resistance , the price action is coming down, you wait too. What's the hurry? Don't you want to sell high and buy low?

And don't forget the rules, boys and girls. Has the trend line been breached thus far ? NO. So stay cool and sit aside and watch.

Patience is a virtue that a trader acquires over time through trading. Use it to your advantage.
Comment: 51.13 support must hold else it will falls further.

Comments

Well said.
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@GA64, thanks for your comments. What I write is also a reminder to myself to obey the rules. Rules are head knowledge but trading involves both the head and heart in operation and I hope others will not make the mistakes I made as well.cheers
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