UTAC - Dangerously OverBought? (PartI)

I wish to express my sincere thank to Mr.domperrier for his feedback. This is the type of gustiness that should be inherent in a professional trader. In the same vein, this blog would have been very quiet without his” two ways communication” kick off!
So, we shall talk about books and its originality to help us to trade.
Jessie Livermore advocates: “Never sell just because, it’s high price; As long as a stock is acting right, and the market/sector is right, be no hurry to sell”.
Gilbert Raff expounded that he is more comfortable to sell on the top the regression channel, though he did not condemn breakout trading.
William J O’Neil views probability of upside narrows as the stock surfaced above 75% 200 Day MA. The list goes on and on…
In the context of the captioned above, let see how we can make a fruitful decision out of these. Remember, the conundrum of a consistently successful trade is:”You can be prefect, but unless you sell at the right time, the entire trade may be not show profit”.
I for one, go for profitable trade not proving a thesis! See you again when I continue my part II on the captioned above and hope that my “sense” should be just perceived as my “thinking aloud” not a recommendation to buy. Thus, don’t go away!