One of my all-time favorite songs is from the Kenny Rogers album, "The Gambler" and every investor can learn something from the song's lyrics.
"If you're gonna play the game, boy, ya gotta learn to play it right. You got to know when to hold 'em, know when to fold 'em, Know when to walk away and know when to run. You never count your money when you're sittin' at the table. There'll be time enough for countin' when the dealin's done."
Here we are 34 years later and the words to that song are every bit as relevant as when they were written. When stocks go up, "you got to know when to hold 'em", and when stocks go south you have to "know when to fold 'em." The words to the song are very simple, but they are, in fact, the essence to successful trading. Continue reading "5 Stocks To Exit Immediately!"→
Sears Holding Corp (NASDAQ_SHLD) announced today that it will be closing up to 120 stores in its Kmart and Sears chains to focus on the stronger stores. This news made the stock drop more than 19% today at the open. Of course MarketClub members were on the right side of this move down well in advance of the news by following the Trade Triangles. The Trade Triangles signaled an entry into a Short position on 12/14/11 @ 51.14. With a current price of 36.92 members are sitting on a profit of 14.22 per share (+27.80%).
If you've been watching Adam's 1 p.m. Updates, you already know that we called this bear market 2 months ago on 8/2/11 using MarketClub's Trade Triangle technology.
Our Monthly Trade Triangle triggered at 1258.07 and we are currently trading at 1093.89 -- that's a move to the downside of 13.05%!
Here at MarketClub we work hard every day to assure that our members have the most up-to-date market information and spot-on signals. If you're not watching Adam's Updates, we suggest that you tune in today at 1 p.m. EDT to see what Adam - and the Triangles - have to say about the big move down that started last week.