The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Monday, January 21, 2008

What Tomorrow May Bring...

I know that this is a main discussion on many stock market blogs. I have a few things to say but I will keep it brief. No matter what happens tomorrow, one needs to keep things in perspective. Do not act irrational and sell your stocks into the panic. Once the market opens, there will most likely be a wave of selling. It will be difficult, but keep an eye on the soft spots and sell into strength. The market may drop 300-500 points in the morning but by the end of the day, it may only be down -250. This would present a far better opportunity to sell ones holdings. Remember, it doesn't matter where or how the market opens, it's all about the close. And also remember that there will be better days ahead. Market down turns are temporary and always lead to strong and robust bull markets. The only hard part is being patient enough to hold through the negative time period. Of course, there are always a small handful of strong stocks to go long during market corrections as well. I will keep an eye out for such stocks as they present a great chance to make up a few percentage points on a beaten down portfolio.

1 Comments:

At 10:42 AM , Blogger Nick M. said...

Well this is an interesting twist. Hard to believe that the market have responded quite well. Still, we have plenty of time to go. I will be watching and waiting to see how we close.

 

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