Today!
April 23, 2021
Good morning.
As Mike Tyson has stated, “Everybody has a plan until they get punched in the mouth.” In investing, that usually means that planning for a market correction sounds good. But when stocks are actually falling? That plan may go out the window.
During last year’s market crash, retail traders bought the drop. That followed the conventional plan, and it paid off well. This year, the trouble has been a number of hedge funds with no real plan to deal with big rallies in heavily shorted companies like GameStop (GME), or with no plan for the implosion of a hedge fund with highly concentrated positions. Ultimately, given the market’s fluctuations, unusual events can occur. Rather than plan for a correction, traders should look to plan for the next extreme event, and figure out how to benefit from that move, rather than sweat a normal correction.
Now here’s the rest of the news:
Gold & Silver Bulls Continue to Gain Strength, Suggesting More Upside
“Both precious metals are enjoying near-term price uptrends in place on the daily bar charts, which continue to invite speculative buying interest.” –Jim Wyckoff [Read More]
The Difficult Retirement Road Ahead Requires Long-Term Planning
Thanks in part to pandemic ripple effects rattling the economy for years to come, saving for retirement requires a long-term plan. Here’s what to avoid when charting your course to your well-earned retirement… [Read Here]
April 23, 2020
Good morning.
If you were certain that the market would continue heading lower on Wednesday, you were wrong well at least for a day. The difficult part of investing or trading in this environment is that things can change so quickly, and the moves aren’t really that small. It’s a lot like spring at high elevations. If you don’t like the weather, just wait 5 minutes.
April 23, 2019
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