Remember Today

Raul3 Thu Feb 12, 2015 4:21pm EST 2 Comments

When the markets are deep in the trough, momentum stocks can be your worst enemy. They cut fast, both ways, but most often lower. But when you’re pressing up on the peaks, they inflict ruthless harm on the shorts.

You need to press momo at the peaks. I know how counterintuitive that seems but it truly is when they reap the best gains.

What is momo? Hot stuff: 3-D printers, Cyber security, internet stuffs, China stuffs. Actually The Fly, RaginCajun, Option Addict, and The PPT know more about the stock picking process. It is far more art than science and I am by no means an expert on the topic.

My game is risk, consistency, and riding momo as best I can.

There is a ton of minutia associated with trading. I find the same to be true with any personal endeavor. You consistently grind out 80% of the time so you are in the right place 20% of the time when profits are to be had.

Variable income can be hard to palate. You have to make the numbers work. But freedom is the ultimate value if you treasure this short stay on earth.

In other news—my goodness am I still strongly combating a rug-pull mentality. I think others are too. It has that wall of worry feel about it, no doubt.

In other, other news—our boy Lawrence is proving to be a formidable contender over in OIL.