Nobody can demonstrate consistent success being lucky for a long period of time. But skill can be prolonged with good discipline, control, risk management and little ego to get in the way.
It can be enlightening to embrace the idea that no one really knows what will happen next and to approach the market from that standpoint.
Here are the 3 keys to using stops.
Pay strict attention to sentiment indicators
There are ways to invest in the basket of companies that have increased their dividends for years on end that go beyond ETFs; here are a couple of them.
The best way to navigate the market in the shorter term is to treat it like a glorified game.
'It is not a healthy market when the generals are still going up and the troops are in retreat.'
It is good practice to give our tactics a periodic look in order to refine them in a changing market environment.
A preeminent student (and teacher) of sentiment studies and market psychology, Farrell's '10 Rules' are an outgrowth of his long career following the investment markets.
The issue now is whether this develops into a trend down day or will some support be found.