Q: This market has made me lose my confidence. For every 2 step forwards, I make 3 or 4 back. I'm not sure what to do except trade less and small amounts. I presume there is no other way?
A: We hear you. Be quicker to take profits in this market environment. If a stock proves itself as a true leader, try to trade around a core position as it moves higher.
Know that markets tend to exhaust the many before finally launching into a period of profitability. In 2011, the first half was volatile and choppy. Some threw in the towel. Then there was a period of great profitability that started in August of that year. So part of the challenge is to have patience which is then rewarded with profits that can often well exceed any losses, provided sell stops were in place.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.