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Recent Gains Don't Make You Any Smarter

Thursday, 25. January 2007

The major indexes have moved into territory not seen for over 6 years. This rising tide has risen all boats making most long positions profitable. Don't confuse this with stellar stock picking because it isn't. It isn't luck either if you recognize a bull market and pick the best stocks with good chart patterns.

The key now is to take some profit before the next retrace and continue adding to your watchlist for the next run up. It's easy to feel good about making money but stay focused on trading well and not making money. The money will always take care of itself if you trade well.

 

 


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