Buying stocks below overhead supply has always been a bad idea for me.
I don’t know about you, but it’s usually been nothing but frustration in my experiences.
You see, that’s when stocks go down in price. When they’re being overwhelmed by selling pressure.
So as I’ve grown older I’ve gotten much better at avoiding situations where I own things below resistance.
Trust me, you go through it enough and you eventually stop.
The bottom line is this: If the Nasdaq100 is below 350, there’s nothing to talk about from the long side.