Momentum Stock Trading System Message 4th November 2008
Hello
Sadly I still see no momentum trades. I have been through similar cycles and whilst others urge me to trade other ways……I know from past, vast experience this is not what I should do. I guarantee M.S.T.S. will come back soon. Soon new leading stocks like TASR, NTRI,TIE,HANS,ICE,CROX,DRYS etc will come back and if I am busy looking into “other methods” I miss out when the cycle lines its-self up again.
For those of you who have run or do run a business you know it’s not all plain sailing. It’s highs,troughs,plateaus etc. You have good years. Bad years and ok years. Well it’s exactly the same in trading. I have learned a long time ago it’s best to stick to your one method and go with the cycles than keep chasing what is hot. Because what is hot today will not be so tomorrow.
I have always seen MSTS as a business module in the stock trading business. Not a gamble. No sweating over what might happen. no get rich overnight or lose it all trying.No day trading. A slow but sure way to accumulate waelth through super growth stocks. As Steven Covery (7 Habits of a Highly…… ) said “think of the end first”. Or put another way what is your end goal? If you start out now what is your objective? Mine was never to be tied to a stock quote machine all day worrying about what might happen. I wanted a relaxed way to make money in stocks. where I could build wealth but also take time away from the market with no worries.
At www.crispstocks.com I offer a full stock service here. There are a few elements I have added to picking great momentum stocks that has evolved from M.S.T.S. I’ll never reveal them. You have to keep a small edge. Maybe some will work them out if they study my stock picks long enough. No secrets but it takes time and effort to work out what makes a stock go up 100%+ from the rest.
What I do see in the stock market now is a potential end of the bear market. this reminds me very much after the 1997 currency crisis where the markets tanked then showed massive churning, volatility before going on a great 6 month+ bull market cycle. It seems very similar to me.
Remember, you can’t beat the market. We are up about 10% this year by shorting stocks like DRYS. But you could have been long symbols like, DTO (Reversle crude oil shares) as the price of Crude Oil drops these shares increase in value. I should have traded this stock like a momentum stock. My point is even in a bear market you can find certain stocks that will make you a profit. Or you can stay in cash waiting.
Right now:
NO STOCKS.
