Buying is always easy as instant decision can be made in split seconds. But selling will always be the toughest job in the world not only in investing/trading but basically selling anything. Have we all been riding on a profitable bull rally in the month of May 2013? Now what goes up must come down is something that everyone should put into their mind now as a market correction will be a healthy correction for this bull rally to happen. With the current economic and financial news surrounding us are showing us sings that market is reaching its top, we can too see it in our technical analysis that we are at an overbought region. Need not waste our time to chase high and end up selling lower with losses. There will be no exact date and point of time when we know a market will go into a steep correction. It is only based on your trading plan on re checking back did the stocks that you are currently holding in your portfolio reaches your target price? If yes it will be a good timing to start going for a KISS GOOD SELL. If no then you will need to re analyse if that particular stock has the ability to reach its target price in the near term or else you may KISS GOOD BYE to this stock when a market correction eventually happen leading to a steep decline in its price. A bull rally will always come with ample of golden opportunities but a bull will need to take a rest for a moment too before it resume its rally.
We will see majority of the stocks that rallied over the past 3 weeks will all have a similar formation with all the index of FBMSCAP and PROPERTIES Index. The crucial support is what gives us a timing to know when that particular stock/index losses its momentum and will eventually go into a steep correction. A good trader/investor need not wait till the crucial support is violated to sell as by then everybody will be panicking. A reasonable price at any moment this week will be a KISS GOOD SELL.
(Private Trader, Founder Trend Traders Network, Financial Speaker)