Mark Crisp
The Stress Free Momentum Stock Trader here:
The most important lesson for all traders is this.
GO WITH THE FLOW. Always trend with the trend at your back.
We are clearly in a bear market. Have been since December. There's no opportunity in going long stocks right now. I know it is frustrating but that's the rules of the game. you don't have to like it but learn it and follow them. We'll come out of it ..one day. Just like in 2001 and 2002 I had to go many months with no trades to come out in 2003 and make a killing in stocks like TASR, SNDK. In fact the markets were great for momentum trades from 03 to November 07. so we are due a poor period. and we are getting it. Poor Bear Stearns. What a mess.
Right now you can do any one of these things:
Stay in cash and watch.
Day trade or trade much shorter time frames. Can be lucrative but highly stressful
Short stocks.
Your choice.
Regards
Mark Crisp
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