Do these two stocks look somewhat similar yet, they are in completely different sectors and price points?
Chart patterns tend to repeat themselves, as you can see from two of our recent "Trades of the Week's" CYBR and Z are both up over 30% since our Trade Alert, more importantly was that with both of these trades from our entry, we were always in the Green!
With professional trading, day trades turn into swing trades, and swing trades turn into longer term holds (cutting our losers and holding our winners). The new trader does the opposite, in most cases, they will buy a stock as a "long term hold" but will sell as soon as they see profits and those profits are usually a random $ amount,
"Im up $500, time to take profits" - New Trader
but if the stock pulls in, they will hold it since its a "long term hold" and they think that by holding a loser they will make more in the long run (which is not the case).
"Im down $1,000, but this trade will turn around" - New Trader
There is no perfect trading strategy and if someone tells you theirs is, there full of s***. Some people love to day trade, some love to swing, some love to hold long term, whatever floats your boat, if you can learn how to read a chart you can do any of the three and hold those winners as long as possible.