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Manage your trades with Elliott wave

  • By Ryan Henry,
  • Stocks and Commodities Magazine
  • Risk Management
  • Technical Patterns
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When should you take a position, where should you take a gain, and when should you call it quits? Here’s how you can identify entry, stop, and target levels for your trades. The easy part of investing in stocks is getting into a trade. You study the chart, understand the company’s business and fundamentals, find your buy point, and then dive in with big expectations. But what’s next? How do you know when to take your gains off the table, or more important, when to tuck your tail and run when it goes against you? Read on to learn more...

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Technical analysis focuses on market action – specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering what stocks to buy or sell, you should use the approach that you're most comfortable with. As with all your investments, you must make your own determination whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Past performance is no guarantee of future results.

Article copyright 2012 by Technical Analysis Inc. Reprinted from the August 2011 issue with permission from Stocks & Commodities Magazine.
The statements and opinions expressed in this article are those of the author. Fidelity Investments cannot guarantee the accuracy or completeness of any statements or data.
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