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You Need to Sit Tight
Famed investor/trader Jesse Livermore once said that it was his “sitting tight… that made him the most money.” It’s not easy to sit tight. It’s doubly difficult when you have excellent profits and the general market is wavering in a less than stellar earnings season laced with continuing world concerns. I mean, seriously, sitting tight through all these worries is worse than being tied to a stake, smeared with honey, and subjected to an attack by Texas fire ants. It’s not easy. So should you be sitting tight? If you are a trader or an investor whose time frame is more than a couple weeks, then you need to ... (full story)
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- fierceman
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Chance favors the prepared
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...because you never know - until you do!