wisdom: follow hot sectors
not all stocks are the same, and neither are the industry sectors.
sometimes mining stocks are hot, other times its technology, property, biotech, etc.
even within sectors there are subsectors that can be hot.
in mining you might have everyone trying to buy gold shares, or uranium for example.
it pays to keep an eye on whats moving as a sector, especially when you are doing short term momentum trades.
you must always remember that it pays to follow the trend and be part of the crowd rather than to fight against it...but it also pays to jump ship BEFORE everyone else gets the same idea.
sometimes mining stocks are hot, other times its technology, property, biotech, etc.
even within sectors there are subsectors that can be hot.
in mining you might have everyone trying to buy gold shares, or uranium for example.
it pays to keep an eye on whats moving as a sector, especially when you are doing short term momentum trades.
you must always remember that it pays to follow the trend and be part of the crowd rather than to fight against it...but it also pays to jump ship BEFORE everyone else gets the same idea.
posted at: 8:40 pm
1 Comments:
Hey... just wanted to let you know that I replied to your comment. I do trade stocks... just not frequently. I'll just buy a stock and let it appreciate, then when I believe it's going to drop... I get out. Will be checkin' for some tips, though.
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