$AAPL - Excellent Reminder to Always Trade What You See, Not What You Think!

[morpheustrading 10]

One benefit of Apple selling off today is that it's an excellent reminder to always Trade What You See, Not What You Think!

 

 

No disrespect to the Apple fanboys, but I trade what the price and volume action tells me and keep emotions out of it. You should too...

 

Ok, flame away!

Edited October 29, 2013 by morpheustrading
Added some text to make post more relevant

[Ammeo 10]

As long as Icahn is having a big stake in it, its most probably a buy....im much much sure that $600 mark is going to be broken soon in it..

[morpheustrading 10]

$600 is not unrealistic at all. However, I would personally only continue holding if willing to sit through a potentially significant pullback. Just my 2 cents, nothing more.

 

Cheers,

 

Deron

 

As long as Icahn is having a big stake in it, its most probably a buy....im much much sure that $600 mark is going to be broken soon in it..

[tradingwizzard 10]

One benefit of Apple selling off today is that it's an excellent reminder to always Trade What You See, Not What You Think!

 

 

No disrespect to the Apple fanboys, but I trade what the price and volume action tells me and keep emotions out of it. You should too...

 

Ok, flame away!

 

Bearish/bullish engulfings USUALLY are being followed by late bulls/bears trying for the highs/lows.......not seeing that yet, so I'll hold my breath

 

TW

[morpheustrading 10]

Indeed, time will tell.

 

Regardless, I just thought it's good time to remind all of us to not cling to an emotional opinion about ANY stock because it can be an extremely costly mistake when the trend eventually reverses and/or momentum dries up.

 

Bearish/bullish engulfings USUALLY are being followed by late bulls/bears trying for the highs/lows.......not seeing that yet, so I'll hold my breath

 

TW