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You'd think they'd know better by now…
Many investors don't believe in the merits of planning ahead, but that's a huge mistake in today's highly volatile markets for two reasons:
- You miss 100% of the swings you never take.
- You won't ever be in front of rapid market moves.
For instance, I often recommend a 25% trailing stop as a means of guarding against unexpected market moves, protecting profits, and guarding against losses.
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It's something I do as a matter of practice on all our recommendations because studies show that protective stops not only help you capture bigger winners over time, but also keep you in the game confidently when conditions get dicey…
And conditions certainly fit that description now.
Let me tell you about a textbook situation we encountered recently. It's a story that could save and make you a lot of money before this selling is over…
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.