For all the position traders and investors out there who think momentum opportunities are a waste of time consider this quote from writer C.S. Lewis…
“You never know what you can do until you try, and very few try unless they have to.”
How does this relate to the stock market?
There are many different styles and techniques when it comes to trading.
Oftentimes folks will find something that they are comfortable with and stick with it for the long haul…
While the “if it ain’t broke don’t fix it” approach can work, it is not optimal.
Adaptability is important, especially in a space as ever-changing as the stock market.
With this in mind, I encourage everyone to try something new.
If you only do long-term trading, experiment with day trading…
If you use mostly technical analysis, incorporate some more technicals into the mix!
While the experimentation may seem forced and pointless at first, it will more than likely pay dividends down the road.
That’s all for now.
Don’t forget to check out our brand-new trade idea in a few hours!
See You Soon,