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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » The market is trending downward and none of the signs point to a recovery. The trend is your friend.

The market is trending downward and none of the signs point to a recovery. The trend is your friend.

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Asoka Samarakone


Expert
Expert

Who has developed a strategy that consistently works well for them? Who continues to feel the pain of the markets’ so called “bad luck”?
The market is trending downward and none of the signs point to a recovery.  I know it may sound ridiculous, but confidence is just as important in investing as it is in any other aspect of life, whether it’s sports, business, relationships…you name it. 
The larger your account, the more difficult it becomes. Discovering what strategy that works takes time and mistakes will be made along the way.  However, if you learn from your mistakes and develop your own level of confidence, there is no reason why you cannot make money in the market.

Pick a strategy, stick to it, and don’t become emotionally attached. Know when to cut your losses and move on. Listen to what’s going on around you. Consciously or subconsciously you cannot avoid soaking in external stimuli. As people say, the trend is your friend.

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