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Overview
Overview
As of 2018, I feel the market is risky. That's why I write this book. My book "Market Timing: Profitable, Preventive and Protective" provides the general guidelines and is included free in this book.This book explains why we may have a market crash coming and how to prepare it. It also includes simple techniques (no subscription and no tool to buy) to detect market plunges that have worked in the last two major market plunges. It will not identify the peaks and bottoms (and no one can). It may not give us ample time to prepare as the last two.Our simple chart tells us to exit and reenter only two times from 2000 to 2010 and it has only one false alarm telling us to exit and return briefly (more false alarms from 2011 to 2016). The market before 2000 was quite different to today's market and that is why I did not use the older data. Recently it told us to exit in 09/2009 and stay in the market as of this writing. You should use this book as a reference and study market timing before you commit fully.As of 9/2018, the market is fundamentally unsound but technically sound as the market is rising. This book gives you tools to check the soundness of both fundamentals and technical of the market. When both turn out to be unsound, to me it is the time to leave the market. We have two methods to determine the technical of the market: one does not require charting and the other does.We will face false signals to tell us to leave the market and then tell us to return. In most cases, the losses are inconsequential except for the taxes in non-retirement accounts. In this risky market, I recommend to use trailing stops for the appreciated stocks. In a nutshell and as an example, you place a stop loss of your appreciated stock based on the current stock price (vs the stock price you paid for). I prefer 10% below the current market price or lower depending on how volatile the stock is and your risk tolerance.Size: 280 pages (6*9).Initial date: 01/2018Update: 10/2018
- Format: Trade Paperback
- Author: Pow, Tony
- ISBN: 9781982073534
- Condition: New
- Dimensions: 9.00 x 0.47
- Number Of Pages: 222
- Publication Year: 2017
Language:
English