....Taking that perfect summer vacation, while you still have a few weeks of summer (time off) left! [Assuming you are now safely on mostly CA$H or quite comfortably on not so volatile vehicles].
Doesn't necessarily mean one should completely stay away from keeping an eye on certain stocks that are holding-up well or even monitoring/scanning of certain sectors/stocks potentially building-up to a possible breakout in the next 4 - 8 weeks. (Follow our WatchList in our weekly 'In the Radar' posts as usual).
Why not to trade in this market?
You can answer this yourself by answering these simple questions.
Q1. Given that you can neither control nor predict the direction of the Market (which is always true not only now but at anytime), the only way an active-trader/fund-manager can make money (long) is by increasing your '
odds of winning' in any and every little way possible. Now, do you prefer to trade in a Market condition where your '
odds of winning' are: a) Less than 50%? b) About 50%? c) Greater than 50%?
If your asnwer is a) and/or b), then you may continue trading right-away! We prefer to stick with c).
Q2: Best use of your Capital, Time & Energy. Is it necessary that your Capital to start/continue to grow by leaps and bouds this Month? Or can it wait for a 'different' opportunity in a few weeks? (There is no such thing called lost opportunity, with over thousands of stocks to choose from hunders of sectors/industries, there are always stocks/sectors breakingout and starting new up-trends). So is it worth your energy/time to be swimming against the stream instead of a summer-vacation?
Upcoming posts:
In the next few days/weeks, we will start posting more educational posts and case-studies of some of the interesting strategies, lessons-learnt, winners/loosers, etc, from the trades in our portfolio in the past couple of months.
.......Have a nice (rest of the) Summer......
-from the trading desk of,
Humble Buddha Financial Services®
