Eventually This Pullback Will Fail
And that's perfectly okay.
FIX is pulling back toward the 10-week moving average again. I been talking about this name for years and since I first started sharing names with subscribers.
One day, a pullback like this won't work.
One day, I'll buy a leader on a pullback, and it will fail.
I'll take a loss.
That's not a flaw in the strategy.
That's the cost of doing business.
Many new traders make the mistake of thinking they need to know exactly when a stock's run is over.
You don't.
Nobody does.
The goal isn't to predict the end.
The goal is to participate in the trend while it lasts.
Great leaders can keep working much longer than most people think is possible.
So we continue buying proper pullbacks and setups until the stock proves the trend is over.
Sometimes we'll be wrong.
We'll take a small loss and move on.
But if you've been participating throughout the trend, one small loss at the end doesn't erase the gains made along the way.
That's how this works.
We don't need to know when the run will end.
We just need to be willing to participate until it does.
