Feb 13, 2017
If you ask 10 people why the market is going up you will receive 10 different answers. It appears that the market is breaking through ceilings despite the technical indicators, but the rumors of tax adjustments, job generating, relaxing regulations and slowing down the move-out of American companies and manufacturing are spurring the move to the upside.
I think you should jump in and take advantage of the market moves, but I would caution that you should be ready to take your profits and readjust once prices settle down. If you are using options along with your stocks this will be easier to manage, but nonetheless, do not be blinded with the bull market and forget to jump out when it nears a cliff.
I would highly suggest you take a look at securing a protective put while you capitalize on the short put and covered call premiums for extra profits. If you are only dealing with stocks then you are leaving most of your profits on the table and you are exposing yourself to an unreasonable amount of risk.
The best way to make money in any environment is to follow the CARDINAL RULE and make your money work for you.
God Bless and remember…
Prosperity is the name of the game…
Get started…Create Your Own Economy
MAKE IT AND KEEP IT!!!!
By: Louis Monsour
