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us stock market, trading strategy
Greetings,
Last week was another negative week in the equities market in general. As a result, none of my stock positions advanced enough to close or exit the trade.
In fact, BBBY at one point earlier in the week was in positive territory for a brief moment before tumbling by weeks end to the mid $37.00 range. TEK also fell lower as many stocks in the market did last week. The DOW and most all the indexes fell lower for the week. Much of this fall is attributed to a combination of three current factors. First being the speculation in the news media that oil could reach as high as $80.00 per barrel. In addition, inflation and a quicker than expected rise in interest rates has many investors concerned and not in a bullish mood.
If BBBY continues to fall back further it may reach a cost average trigger point. MOT and MSFT price levels will also be considered for cost averaging if they fall back further.
I call times like these, "gut check" time. Do you have the stomach for trading? Some of us do and others simply don't. We are all made different and have our different tolerances when it comes to money. I cope with negative market results by stepping back and looking at the big picture, remembering my long term goals. This exercise puts it all into the right perspective for me. It allows me to relax and not to overreact. It allows me to think clearly and to be methodical. As I've stated before some of my best trade decisions are those you never see. Those are decisions not to trade at this time. Sometimes no action is the best action. And it seems sometimes opportunity is everywhere to make a good trade, but creating that consistent winning trade every time is where the challenge is. I've trained myself to be patient. Let's see what course of action the market dictates this week.
Have a great week,
Anthony
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These notices of Anthony Myers' trading ideas are intended to provide opinions about and analysis of the mentioned stock(s). They are not intended to provide personalized investment advice. DO NOT EMAIL ANTHONY MYERS SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Anthony Myers is the commentator for AEM Investment Company, LLP. Online Investment Services, LP. is a publisher (via InvestmentHouse.com), and neither Online Investment Services, LP, InvestmentHouse.com, nor Mr. Myers is registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. From time to time, Mr. Myers may write about stocks in which he has a position. In such cases, appropriate disclosure is made. Mr. Myers statements represent his own opinions and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction, investment strategy is suitable for any specific person. You further understand that Mr. Myers will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information provided may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. There is a very high degree of risk involved in trading. Losses can be significant. Past results are not indicative of future returns. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. By accessing this data and accepting emails from us, you agree to be bound by the Terms and Conditions of service and the Disclaimer as such may be amended from time to time.
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