Phorm Corporation shares (LSE:PHRM) are not supposed to be
held if you are a buyer, because the outlook on the market is gloomy. This is a
market is which sellers make money, not buyers.
In the chart, the price has shown a long-term downtrend. The
price has trended seriously downwards this year and this is what is supposed to
continue. The price has not gone clearly above the EMA 21 and the Williams’ %
Range period 20 is not in the overbought region. This is the type of market in which
new sellers make more money when they sell new rallies (which are traps to
stiff-necked buyers). The only thing that can stop this expectation is an event
that makes the price go above the distribution territory at 8.00.
There
is something called excessive training – training beyond the abnormal. You have
to look for challenging markets like Phorm Corporation again and again, to the
extent of being overstressed. This is what would keep you motivated and encourages
huge profits and extraordinary returns on your portfolios. This is what you
need to handle hopeless shares like the one being discussed here, and even make
money from the downside. As James
Altucher puts it, sometimes a loss is the best thing that can happen. It
teaches you what you should have done next time.
This forecast is ended by the quote below:
“Many traders are
smart enough to know that they will win in the long run by taking only the best
trades, but they become impatient due to the lack of anything happening right
away. They forget that the long run can be “long.” – Andy Jordan
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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