Keeping it simple.
1) Trade easy patterns w/ good risk/reward ratio. Ride trends, exit quick, cut losses ASAP.
2) If a pattern confuses you, dont' bother with it. When in doubt, just exit !
3) Have a strong 'defense'.
Defense is important in absorbing risk. I've resumed my portfolio building w/ health care stocks. I have selected 2-3 big name health care stocks to build into my portfolio. They are: MRK, BMY, ABT. I might include PFE, but those 3 stocks I've mentioned will be my core nucleus for Health Care exposure.
Healthcare continues to lag the big boy sectors, but that is where undervaluation might come into play. Regardless, I think Healthcare is fundamentally a great pickup for my portfolio.
Today I bought BMY. =)
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