There is NO way in the world that stock hits 17 tommorrow! Be Smart and take profits and then get back in when it dips. You'll probably see 14 again maybe less. Invest like the Pros! Do you really think they let it ride or do you think there smarter then that.
The market works like that. We gain ground and then pull-back so the Bulls come back in. Smart investors buy the dips. Retail Investors hold
"The market works like that. We gain ground and then pull-back so the Bulls come back in. Smart investors buy the dips."
That makes it a zero sum game except for the longs that get nervous and bail. That's where the day traders get their profits. If longs stood their ground, the daily players would soon tire of just trading money back and forth between themselves. The brokerages houses, however, love the fees they collect.