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1.Yes, the trend is your friend as you can take advantage with its bull run as well as bearish run.
2.This up and down in the stock market is a best strategy for any day trader to gain from the volatility as most of the time the stock is trading range bound.
3.So ride with the trend and make the hay while the sun shines.Do not cut your profit if its been in the uptrend and the same holds true for long term as well as short term trading.However do keep a stop loss to see your profits being wiped out and if required use profit booking technique.
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