DOWN DOWN DOWN! If you look at the post before this you will see that I said today would be a down day, and guess what it was.
Tomorrow will be a good day to buy only and I mean only if we are down. If the market is up there is no reason to buy because we have had a huge move in the past week. Be calm and wait for it to come down hard.
This is what you should do eyeball some good stocks like the high dividend paying stocks and wait for them to come down, buy on weakness not on strength. Once they hit the floor and you fell good about buying go in slowly and chip away. Why? because I really think the market has some down side to it and that's soon. Have a game plane and except the loses and move on. Never say I should have because that will just get you nowhere move on.
Yesterday I gave you a great site that is fun and interesting and I hope you all checked it out if not you must. It's great for all types of traders. So here is the like once again. Wall Street Survivor
Chart of the week. Yes we look strong in the past week real strong. Everything looks like a great pick weather its a energy stock tech stock financial stock heck Ford and General Motors too. It all looks like it could make some money. Don't get to happy. Last week we had the worst unemployment number in a long time and it's going to grow. You should always be ready for anything drastic that could happen.
Today was the prime time to take profits for the last five days. You have had to done it today because tomorrow is going to be a down day, and yes I am calling a down day. Mark my words we will be down big.
This market is unpredictable so taking profits is a must. That is the only way you can play with the big boys.
I want to talk about this new trading site that I found today where you could win prizes and trade for fun. Unlike other sites this is on going so its not like it a once a year thing. I really like because first you could win some great prizes (nothing better then free prizes). Also for the trading they have you can play all different ways like shorting buying puts it amazing. Just like the real thing. It's called Wall Street Survivor.
Here is a little about it.
Wall Street Survivor is the Web’s best free fantasy stock trading game and investment contest portal where players can manage their own fantasy stock portfolios and compete risk-free against friends, peers, colleagues or other players for the most lucrative cash prizes on the web.
Wall Street Survivor offers the only real-time fantasy stock trading game in which each player starts off with $100,000 in virtual cash, to build and manage a stock portfolio through simulated trades that are executed on a real-time stock trading platform. It also provides portfolio updates and tracks ongoing individual progress on a full-motion leader board.
Click here to check out Wall Street Survivor.
