Stop Trading, Seriously!
Posted on Tuesday, July 15th, 2008 | In Current Market NewsThis market is a difficult one to navigate. If you are new to trading, STOP. Professionals are finding this market one of the most difficult markets they have EVER seen! Stop trying to be a hero by picking bottoms and start preserving your capital. The all time greats would be on vacation or at the very least 75% cash. Gil Morales, William O’Neil’s long time apprentice is most certainly not playing with even half his chips. We have not seen our ultimate lows, we’ll continue lower and with the greats on the sidelines why aren’t you?
There are some short term trades to be had here in this market. We can, using history and our charts pick some winners in a down market. If you study Joshua’s past big winners you’ll notice that we can grab some hefty gains during a bear market. However, to get these gains you have to become a subscriber of Big Wave Trading.
Do your homework, reread all our recommend books!
Market Speculator
Last 5 posts by Market Speculator
- Quality Growth Stocks Lead the Way as Stocks Advance in Mixed Trade - June 2nd, 2009
- Re-Inflating the Bubble; Inflationary Pressue Lifting Stocks - June 1st, 2009
- Treasuries Begin Their Decline Striking Fear into the Stock Market - May 28th, 2009
- Follow on Twitter and Seeking Alpha - May 28th, 2009
- Sipping on a Cup of Coffee Deciphering Whether or Not The Stock Market is About to Make a Leg Down - May 11th, 2009
 About Market Speculator (http://market-speculator.com)
Market Speculator began his market career shortly before 9/11/01. The methodology he uses comes from the greatest stock market traders of all time; Livermore, Darvas, O’Neil, Dryfus, etc. Decision making is based on price and volume while stock screening is done by growth in fundamentals. Much like William O’Neil’s CAN SLIM approach to investing Market Speculator focuses on a narrow amount of stocks and lives by cutting his losses early. |
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