The trend is up until it isn’t. Read the following analysis from MarketWatch here.
It does bring up an excellent point that the current ballistic trend will have to end. Some investors will just hold and experience a possible slide of 5% to 15% of their portfolio value, while others will trail their stops and let a market correction take them out of their stocks and into cash.
Our approach is to try and look for signals that the tide is about to change and to protect profits.
Regardless of what you decide to do in the coming weeks, do yourself a favor and resolve to empower yourself with a better understanding of how the markets move.
February will likely not be a mirror image of January. Make a plan, don’t be a victim. For example: Do you own shares of AAPL from the $700 level? Ask yourself: Why? Ask yourself: Could I have done anything differently?
“You’ve got to know when to hold em. know when to fold em. Know when to walk away. Know when to run.”
Check back frequently as we explore those very issues.