I Need to Get a Serious Point Across Here!
This is for all these people who have called me ugly names simply because I have told them to keep in cash since December 2007 (now Feb. 2008).
Try to “best the stock market” or try to make money in a bear market and I guarantee all you are doing is feeding the market with your hard earned money!
I can spot good traders. You know how? They do not want to trade until they are “almost” certain to make money. If the risks are too high they would prefer to wait in cash. And this is something I cannot teach people. You either have it or you don’t. Do not blame me, my system or the market for your lack of discipline. Go and see a psychologist.
Catching the next HANS (+225%) TIE (3 X 80%+ moves) NTRI, (+400%) CROX (+90%) etc… can change your life financially. But you must move away from stock trading to stock waiting. Stock waiting means two things.
1) Waiting for the right cycle until you actually go looking for the next Momentum Stock. I mean having the discipline and patience to sit out for months at a time for that perfect set up. It’s amazing how many people simply do not have this. My advice is to hand your money over to a money manager and go and live your life away from stock trading.
2) It also means when you land a great stock have the discipline to hold on to realize it’s maximum gain. The number of people who email me to tell me they have cashed out with a 20% profit is amazing. This is not successful momentum trading.
If any of the above two points fit you…..it’s best you get out of the stock market and look elsewhere.
