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Friday, December 9, 2022

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Don’t Let The Correction Take Away Your Profits

Don’t Let The Correction Take Away Your Profits

Courtesy of David Grandey
All About Trends

After one of the strongest rallies in the history of the U.S. Stock Market, the market may finally be in the early stages of its first meaningful correction since the rally began last March.
 
Don’t let the correction take away your hard-earned profits again! 
 
If YOU continue to think the way YOU’VE always thought, YOU’LL continue to get the results YOU’VE always got.
If YOU are getting the results YOU want then continue to think the way YOU’VE always thought.
If YOU are not getting the results you want, Then YOU YOU YOU need to change YOUR thinking.

That all being said, welcome to the brave new world, the world where it’s ALL ABOUT YOU and taking control of YOUR future!

Its no secret that the markets have been vicious, especially to the conventional Wall St. Type of accounts. You know the ones we are talking about right? The ones where the battle cry/motto is:

Buy and hold. You can’t time the market. Invest for the long haul. Put your money in mutual funds where everyone gets paid except for YOU!
 

 

If you continue to do what you’ve done then you have no choice but to grin and bear it.

Managing or having your account managed in a Buy and Hope as the market goes so goes your account format IS NOT an option. Better learn how to trade, better learn how to hit and run. Better learn how to short stocks as you need to be able to make money when the market moves in either direction.  Trade your plan and plan your trades.

One of the common denominators with past bear market rallies is that near the end of them the talking heads started parading around saying the worst is over, that was the bottom, you gotta buy stocks, etc. Sound familiar?

Speaking of plans: Let’s say your portfolio is $50,000 and let’s say that your whole strategy is hit and run get your $500 a week and go. Now let’s say that you do two trades a month only using 50% of your acct. That’s 1,000.00 per month times 12 months equals $12,000 per year. Divided by $50,000 equals 24% after one year. Think the indexes are going to continue to do that? Especially seeing as how 2/3rds of GDP is consumer spending and the consumer is broke and up to their eyeballs in debt?

What if we are in the 1966 through 1981 period of history? Over those 16 years the indexes were virtually flat (have you got 16 years?) Over that 16 year time frame the indexes went plus and minus almost 25-30 % every two to three years. The good news is that from the year 2000 we’ve now gone through 10 years of this, the bad news is? We MAY have another six years to go.

To learn more, sign up for our free newsletter at www.allabouttrends.net and receive our free report — "How To Outperform 90% Of Wall Street With Just $500 A Week."

 

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