'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Saturday, June 23, 2012

Trading Facebook (FB)

I mentioned from my previous posts that to get involved personally in the FB IPO is just to trade not to invest.

And now looking at this latest chart, it's really a good way to trade.

I mentioned also that when it consolidates at the price of $27.00, FB is a buy...buy...buy...

So if you bought it at $27.00 then, you are now raking some smart profit.

Just take a look at this latest chart (1-hr) and make your own judgment that trading it is the better way.

Just wait for the right timing, that's why technical analysis is better than the fundamentals.

Trade what you see as they always emphasized in trading.