Keeping Your Head Above Water
Filed Under Market Commentary |
7:55am EST How do you survive a bear market?
The markets continue to suffer continued pressure to the downside. There is very little of quality stocks to go long so how does a trader/investor survive until the next bull market run?
It is quite simple, Cash is King. However, most personalities do not allow traders/investors to sit idle and miss out on the action. This is quite similar to those who can not resist the urge to play slot machines when one can hear the “ching, ching, ching….ding ding ding.” The stock market has the same effect, the action makes those who can not sit idle think they are missing something. In actuality, they will miss very little.
How does one not miss action but, preserve necessary capital to play the next bull market? The very first thing is to set aside 50-75% of your capital into a 1-mo CD or some cash equivalent away from where you can spend it on anything! This restriction will allow you to keep majority of your stake. While your money earns cash rates it isn’t being lost in the market.
Another action you must take is to be as nimble as possible. All new positions must be small and you must cut your losses quick and take profits when you have them. If a position immediately does not work, you must cut the position 25-50% to preserve your available capital. On the other hand, profits need to be taken as well. As a position moves 10% higher you must take profits off the table.
Simple strategies to keep those who can’t simply sit on the sidelines. Although, at this juncture is the best place to be.
Market Speculator
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