With today being Friday the 13th, I thought it would be fun to see to if our readers had any trading superstitions. I've heard all kinds superstitions over the years such as, never trade in the first 30 minutes, never set stop-losses on round numbers, don't triple dip a stock, and never sell a stock crossing past $90. And then we have mine, I never buy a stock on Friday or at the open on Monday. It seemed that every time I tried to I end up on the wrong end of the trade. Maybe I just have bad luck!
I would like to know...
Take a second to vote, then leave a comment with your trading superstition or any superstition that you may have. I bet we have some good ones out there.
First published on October 29, 2008. Not much has changed. --------------
Regardless of what others might say, there is no quick fix for the global economy.
To illustrate this point, a friend of mine recently sent me a chart which I would like to share with you. This charts shows that we may be going into a prolonged period of no growth in the overall stock market. The NASDAQ peaked at 5,132.52 on March 10th, 2000. The NASDAQ market is in many ways more important than the DOW, and should be considered more of a leading indicator. If that is truly the case, then we have been in a bear market for the last eight years. Continue reading "Poll: Is 100 years of capitalism coming to an end?"→