Where's The Trade?

  Pullbacks & Discipline O n days when there are pullbacks do you start to worry? Does your discipline weaken? Do you find yourself starting to make emotional decisions and choke the trade? A simple question you can ask yourself is, "Has price closed above the 'X' EMA?"  O n the daily charts, Ilike to use the 5, 9, and 15 EMAs or the boss MA (the moving average containing the prior pullbacks). Or if a trend is just getting started, I may use the 20 EMA, 50 or 200 SMA as my landmark Why would I sell a stock on a pullback day when it is still closing above the 9 EMA? Why would I choke the trade when there's no obvious, quantifiable sign the trend has come to an end? Pullbacks are normal and natural in trending moves. T o begin, start with a moving average, then expand your gaze to various trendlines, then glance at prior swing highs or lows. Have a repeatable plan that clearly defines ‘when’ you will scale out and ‘where’, and ‘when’ you will be all out and ‘why