Monday, October 29, 2007

Sounding smart and losing money

Mr. Cramer wrote the best blog concerning trading and investing today. Something I hope to memorize but essentially it is his slogan "I'm not here to make friends, but to make you money."

Sounding smart doesn't make you money and trading that way may lose you money. Look at what the market is saying and pick your shot!

The market is saying BUY BUY BUY
Why fight the trend.

Yes, there are stocks and sectors, some overwhelmingly so, that are bearish but the stocks that are going up are doing it in such eye poppingly ways there is no point in shorting.

The market will tell you when to go all out and SELL!

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