When stocks collapse the hardest thing to do is to risk capital in a rapidly declining market. But there are simple aspects that can assist investors in trading within collapsing stocks. One of the primary reasons that I trade in the same specific stocks is to build a firm understanding of the stock’s price movement and when a stock is undervalued, fairly valued and overvalued.
This morning I did three trades in Bank Of Nova Scotia Stock all of which were built around the confidence of knowing that if I am wrong, I can still protect my capital at risk.
BNS Stock Chart – Three Year
One of the more important aspects of trading the same stock is the chart pattern. If you look at the three-year chart pattern, what is the chart telling you? To me, the chart is advising ……the rest of this article is for Canada Members.
Bank Of Nova Scotia Stock (BNS) Trade Alert for Aug 24 2015
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.