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The Two Most Important Words in Stock Speculation

January 25, 2018



For a while now, stock breakouts have been working like a charm. At some point, that won’t be the case; probably around the time the market corrects. Your job as a trader is NOT to try to anticipate that event, but rather react as the proverbial winds change. The best gauge of that is how your stocks are acting and how many stocks are setting up constructively.

 

The hallmark of a pro is the ability to step on the gas when things are going well and ride the break during difficult periods. This way, you make big gains when you’re correct and small losses when you’re wrong. Once you understand and can apply the mechanics of trading, big success ultimately comes down to how you manage your trades and how you manage your overall portfolio. Trade light during good times and heavy during tough times and you could actually lose money being in the right stocks.

 

You must learn to listen to the heartbeat of the market; your stocks. And, you must learn NOT to be a Monday Morning Quarterback, thinking thoughts like: “I should have never stopped out of that trade” simply because it turned around and went back up. You make decisions based on the information you currently have and adjust as that information improves or deteriorates.  

 

This market has been very good and relatively easy to make money during this powerhouse of a rally in the Dow with very little volatility. Time and time again, this type of environment sets up investors for large losses because they get complacent and forget the two most important words in speculation… RESPECT RISK!

 

 

-MM



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