
Ep. 43: Mike Webster: Tesla Stock Rings In New Year With Major Rally—But Is It A Buy?
Investing With IBD
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The Importance of Simple Bases
I think I had tons of rules in the beginning and now it's very, very simple. It's simpler. You boil it down. Because it enables me. If you're too rigid in a lot of stuff, right, you're not going to be flexible enough to adapt to that environment. But if I see a company that is, has a great story to it, and its base might not be that great looking, right? But it breaks out. And so as long as the stock acts perfectly afterwards and acts like it's being accumulated, I'm going to still stand it. So that's a beauty of having stop losses.
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