- August 30, 2010
Stock Trading Tips From The Devil
by Donald Harder
Watch CNBC.
These guys are smart and have no ulterior agendas. They must, they’re on TV and have been thoroughly vetted by the market and their casting agents.
Look for bargain stocks that hit new lows.
Everyone knows cheap means quality and that the market is always wrong.
Never take profit.
Bulls lose money, bears lose money but pigs get sated.
Always sell in a panic.
The absolute best stock trading tip I can give you is hold on when a stock turns against you. As it continues to slide, be encouraged during every bounce it makes on its long, slow descent. Not until that big high volume down day when CNBC, the investment forums and your own gut tell you the sky is falling should you sell. If you do that, I guarantee my success.
Buy penny stocks and be enticed by touts who use words like 10-bagger and promise 5 Gazillion percent returns.
The best kept secret about the stock market is that it is really your own personal ATM machine that will spit out money if you just use the right combination of strategies.
The number one stock trading strategy is buying stocks that money managers were stupid enough to sell. The untold, but emphatically expressed fact is these companies are on the verge of a breakthrough and only you are smart enough to see it.
Add to losing positions.
Every degenerate in Vegas knows this secret. Double down. It’s a strategy that can never go wrong.
Cash is never a position.
You work hard for your money so your money should work hard for you. There is never a bad time to be in the market. And hey, if your money won’t work for you, it can always work for those who take it away from you.
Risk Management is a word for wimps.
No one ever got rich without taking chances. You should make your decision and then go all in, devil (that’s me!) may care.
Look for instant results.
Stocks should go up as soon as you buy them, if not, you should get angry, sell and buy more stocks. The more often you do this the better. In fact, I’d be on the verge of giddy if you would do this until you make your broker rich and you go broke.
Hold your losers and sell your winners.
Nothing gets my goat (goat, get it?) more than investors who add to their winners and sell their losers. This kind of insanity has no place in my book.
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