Interesting take of having only one per industry my only problem is you're putting all your eggs into that one company of that industry which is a huge risk my preference for safety is to have 2 in an industry. The difference between you and me might be you actually do more deep dives into the companies where admittedly I don't always do as deep of a dive so that is probably why I feel more comfortable with two per industry.
It is the best trendline for medium term trend, enough to cure out noisy volatility but also enough to identify losers rapidly.
It's been years using it and I found out that it was the best trend for my style.
Most of the time yes. But I can make some exceptions depending on my position. If I am up 200% on a name that closes 2% below and still holds it's higher lows, I might be more indulgent.
Interesting take of having only one per industry my only problem is you're putting all your eggs into that one company of that industry which is a huge risk my preference for safety is to have 2 in an industry. The difference between you and me might be you actually do more deep dives into the companies where admittedly I don't always do as deep of a dive so that is probably why I feel more comfortable with two per industry.
I think the difference between one or two is very small. But some have 4 ot 5 and that's when dilution really hits.
What made you settle on the Weekly 50 as an indicator. Do you usually sell on the first weekly close under the 50?
It is the best trendline for medium term trend, enough to cure out noisy volatility but also enough to identify losers rapidly.
It's been years using it and I found out that it was the best trend for my style.
Most of the time yes. But I can make some exceptions depending on my position. If I am up 200% on a name that closes 2% below and still holds it's higher lows, I might be more indulgent.