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Everyone makes money in a bull market. Not everyone keeps it when the inevitable correction comes. 5% to 10% pullbacks while the major stock market indexes are above their 200-day moving averages are normal and happen at least once a year. A 5% pullback in an index might mean a 20-50% quick decline in most momentum stocks. As hedge fund manager David Tepper likes to remind us “There are times to make money and there are times not to lose money. The key is to wait. Sometimes the hardest thing is to do nothing”.
We cover the following tickers: QQQ, FB, SPY, GOOGL, AAL, GS, ETSY, TWLO, IQ, etc.
Disclaimer: everything on this show is for informational and educational purposes only. The ideas presented are not recommendations to buy or sell stocks. The material presented here might not take into account your specific investment objectives. I may or I may not own some of the securities mentioned. Consult your investment advisor before acting on any of the information provided here.