New traders often ask, “Long or short?”

After some experience, they start asking, “Add to the position or cut the loss?”
When they ask, “To do it or not to do it,” that’s when they’ve truly come into their own.
Bull tail momentum looks for longs but doesn’t go long; bear tail momentum looks for shorts but doesn’t go short. Those who sell will always profit—making only a few dollars less is paying to avert disaster.