Posted May 21, 2021
By Alan Knuckman
Let’s Have Some Fun to Kick Off the Week
To start the week on a high note, I wanted to include this video update with Fox Business contributor Phil Flynn.
We talk about bubbles, the hot Canadian housing market and Canadian stocks, the bearish bet that this famous investor made, and much more!
you don’t want to miss it!
Keep it In the Money,
Trading Tip of The Day: Don’t Confuse Yourself
The market can stay irrational longer than you can stay solvent.
It's very difficult to find new trades right now given how volatile the market has been these past few trading sessions. As we talk about all the time, we have to let the market come to us.
Just blindly buying the stocks going straight up can lead to disaster. But that doesn't mean you should start buying heavily sold off stocks either!
It’s pretty tricky to find something that’s working, it just doesn’t seem like a lot of these moves that we’re seeing stay trending. Remember, these conditions can persist for a long time... Long enough to crush any speculators in their path.
You can certainly still trade in these environments, it just takes a little adjusting to. Maybe put on smaller positions, use tighter stop losses, be hyper-selective of your trades, etc. Just don't throw your money away fighting the market!