- Fed decision days tend to be volatile and more so in bear market. Yesterday was classic example of that.
- The market had a full up and down cycle within hours of the decision.
- Normally the real impact of Fed decision manifests itself by 3rd day.
- With lot of stimulus in pipeline , it should impact the market positively in the long run.
- However in the short run, this market is still tricky.
- When leaders breakdown severely, like we have seen in past few days, it is not easy to put together a rally. It takes time. Plus the old leaders are not necessarily going to come back, a new leadership will emerge. The new leadership becomes apparent only after the selling phase stabilizes.
- As of now in this market the fast selling phase ended on 1/23/2008 with a 900 plus day. Since then market has attempted to put together a small rally, now we will see if the market holds up well. As of now it is the line in sand. A long side way move or a volatile range might be better for the longevity of next bull phase. However markets do not always act as per expectations.
- The bottom-line is that this market phase as indicated by Market Monitor is not ideal for growth or momentum based strategies on long side if your holding periods are more than few hours or days.
- Bear markets are essential. In fact they are very good for growth investors. From the gloom of bear market when a new bull market starts, you find several straight up growth stock rockets.
Best site to learn to trade
If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.
Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.
No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.
As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.
You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.
You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.
The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.
Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.
You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.
Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.
If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.
Subscribe To
Posts
All Comments
