Online Stock Trading | Are You Missing Out on Gains?

Are You Missing Out on Gains?


Filed Under Market Commentary |

On August 16th the stock market set its lows for the summer only to rally to close in its upper range.  Since this rally off the lows, the market has risen (using the NASDAQ) 9.5%.  The market confirmed this rally off its lows on August 29th and since then we are up 4.7%.  Were you listening to CNBC talking heads about being short or entirely into cash?  It pays to be with the CANSLIM method, opinions on the other hand lose you money.

IBD 100 is doing better than 30% this year and if you followed it as I do you’d be sitting on gains.  BIDU is a great example of a CANSLIMer that has taken the leadership role.  Did you catch the breakout on 9/4?  38% gain since that day.  Another leader, for this short time period is JRJC.  An incredible run and if you haven’t taken anything off the table do it NOW!  I have been selling all the way up here, just feeding the market my shares. 

Watch out for the “we are up too fast, in a short time” crowd as these past few trading sessions have actually been really nice consolidation.  Stay with the charts, stay long, stay with the leaders.  Do not chase stocks, you’ll always get beat.

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