Today was one of my happiest days in past few days because stocks corrected. Beautifully.
I’ll be honest as always, even though I was making money, past few days were difficult for me only because the market rallied up. Yes, you read it right. There were virtually no better opportunities available in market where we could have made bumper money.
Today, looking at the 5-8% corrections in many ‘portfolios’, it bought a sense of relief.
There’s nothing better you can offer to research analysts like me than stock opportunities opening up like today’s.
It makes making money easier when stocks are down. On the contrary, though we enjoy the profits when stocks are rising, it’s difficult to make money by fresh buying stocks when they’re up.
A true stock picker is happy when stocks are down. And today was that day.
To money making!
