UMW

ENTERING A LONG TRADE NOW IS LIKE JUMPING ONTO A MOVING TRAIN.  YOU HAVE TO BE SURE OF YOUR FOOTING OTHERWISE YOU WILL BE KILLED; THEN AGAIN, THOSE WHO DARE, WIN? OR IS IT FOOLS RUSH IN WHERE ANGELS FEAR TO TREAD? SETTING A TIGHT STOP LOSS IS IMPORTANT OR WAIT FOR RETRACEMENT BEFORE ENTERING SO THAT THE STOP LOSS IS MINIMIZED.

GUESS ALEXANDER ELDER WAS RIGHT WHEN HE SAID THAT WE CANNOT WAIT FOR A PULL BACK WHEN THE TREND IS STRONG.  NO RISK, NO GAIN?