
Ep. 14: Is This Contrarian Style Most Profitable Strategy? With Charles Harris
Investing With IBD
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How to Buy Swing Trading When Everyone's Selling
When you're buying swing trading, when you're buying pullbacks, it's actually you're buying and everyone's selling. So, in a way, you're benefiting from other people's emotions. I'd much rather buy when it's easy to buy when people are selling, then try to buy when I'm competing with everyone else to buy the same stock. If you're buying breakouts, you're going to lose. They will fail typically. And buying pullbacks also doesn't work in a downtrend. What you'll find is that the stocks will not get support where you expect them to. You kind of pick your death in a way. The market has to be trending up
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