Avoid the Lowball Game Altogether
One of the ways I deal with a poor market like this is to make a clear plan NOT to be fully invested at the exact low. That may sound the exact opposite of what many market players with to accomplish, but I find that I do better when I completely avoid the game of trying to nail the bottom.
I realize that in a downtrending market most pundits have nothing much else to do but to keep on declaring that the turn is going to come at any minute. It is just an automatic reflex when the indices start to break down. The minute they see red they are compelled to respond "buying opportunity!"...228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.