Stock Market Frustration? Play Defense and Stick to Your Plan

Jordan Kimmel |

Jordan Kimmel EquitiesSoft patches and pull backs in the stock market give investors an opportunity to find the best stocks. They go down the least, and on the lightest volume.

Getting killed on light volume is not the answer. Stepping aside or playing the short side is the only way to make money or protect your capital during sell offs. 70% of stocks follow the broad direction of the market. This is true of Magnet stocks too!

The key to profitable investing is cash management. Doubling down while your portfolio is declining is usually the wrong approach. Being patient, setting reversal price alerts is the way to go.

Nobody is stronger than the market. You can’t make it go the way you want. Being flexible, disciplined, and patient are the key words you hear about the most successful investors. Stubborn and impatient are the words you hear about the “blow ups".

The top traders at T3 have been spot on calling this market. The current weakness should not be taking you by surprise. Trade less and more carefully for now. Be careful and be ready for the next trade.

*DISCLOSURE: No relevant positions

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
AJX Great Ajax Corp. 13.65 -0.04 -0.29 11,523

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