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If ever a bear market it is now. If you have never traded in a bear market the last 3 months were quite a learning experience. As strocks have become more and more volitile the oppertunities to make money are still there. This is the hard lesson to learn in the bear market.
We must show tremendous patience, We can not, will not panic.( REPEAT) I know when you see your hard earned dollars disappear its hard not to panic.
One must limit thier exposure to the market. I have found buying lower cost stocks an easy way to do this.if you buy a $20 stock you have limited your exposure to around a $4.25 maxium loss per trade in your worst pic.If you do your home work you won't see those losses because the stock will come back. In this volitile market were even good news brings lower stock prices with the right pics you can make money. You must be almost robotic in your pics.
The following RICS PICS must be watched and bought on the low side. If you watch the blog I will give prices to buy and sell. #1 VIP, This company is incredible, it is a Russian telecom with earnings that any red blooded American would be jealous of. In Dec. they piced up 1.5 mill. new subscibers. Growth is unreal. Any way enough of the why heres how.
This stock can eaisily fall $3.00 in an hour and gain $4 in the next 3 hours. That is why it must be watched. RICS PIC BUY at or below $30 to $32 and sell at $34, Then do it agian the next day. If you buy at the low on the chart be calm the money will come. This stock moves FAST.
#2 SIRF Buy now it at its low and will go up until Feb 1 after that you are on your own, I will update RICS PIC BUY at $15 to $17 this stock will go to $19 like I said I will update but right now 1/24 thats all I'm looking to make in it for now.
#3 VSL another telecom you can't lose on. This is another one you must watc h. It just went down today, I will buy today at $26 sell at $30 Watch this stock during the day you can pic this up at $25
#4 NOV This is a good energy pic but agian if you cannot watch this stock don't buy it. I am a day late on this one but still a buy. I will try to keep my blogs up to date and look forward to the new SLO. Good luck to all and try to keep the profits. +UPDATE+ wait for a pull back tommarrow to buy
One more thing, if you feel a need to hold your stocks, Don't read this blog.
I believe in keeping your stocks liquid for next new winner. we will be moving fast so if you use a broker your profits will reflect the time difference. Also read all the blogs there is great advice in most
Hope to here your comments,TIMEISMONEY
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