This just in:
Never buy because a price looks low, and never sell because a price looks too high.
IT DOESN'T MATTER WHAT YOU THINK. Let me say that again: IT DOESN'T MATTER WHAT YOU THINK.
Why would I say something like that? Why doesn't it matter what you think?
Well here's the cruel reality of the marketplace...
It doesn't matter where these markets are headed. What matters most is you get the direction right.
Just look at Bear Stearns this morning. Joe Lewis, the Bahamas based investor (smart guy) is a little less wealthy as his 9.4% shares of Bear Stearns has a loss of 1.16 billion dollars.
MARKET DIRECTION ... that's whats important.
The reality is, these are trading markets. They are all driven by market sentiment.
That's the kind of markets we are in right now, and we are likely to stay in this mode for quite some time.
What matters most, is that you get the direction of the market right. You can only determine the trend by using pure market action. The easiest way to do this is by using a program that can tell you in plain English what the market is doing.
Don't let the hype, hoopla, news and the chat rooms fool you. A market can only do three things, it can go UP, DOWN or SIDEWAYS, that's it!
When you hear about the next hot or cold market that is headed for the stars or the cellar, just say to yourself "it doesn't matter." That way you will know when to get in and more importantly, when to get out.
Take the next several minutes and watch our latest video on Bear Stearns and let me know what you think.
Then take a couple of minutes and watch our educational "Traders Whiteboard" series. This series is all about common sense trading and removing the number one account killer and that is emotion.
Here's to thinking "it doesn't matter" what you think, it's the direction of the market that is important.
We are going to see some amazing market and trading opportunities this year. So plan now to make some big profits. It's important to stay cool, listen to what the markets are saying and have a "game plan" that works. You can see it all here.
Let the markets have their say ... all you have to do is listen.