• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Trading With Cody

Long-term Revolution Investments and Real-time Trades from Cody Willard


  • Twitter

  • YouTube

  • iTunes Podcasts

  • SoundCloud
  • Trade Alerts
  • Latest Positions
  • All Archives
  • Chat Room
  • Books
  • About/FAQ/More Info
    • Testimonials
    • FAQ
    • Contact
    • Privacy Policy
    • Support
    • Money management services
    • Public Speaking
    • Cancellation Policy
    • Login

The hardest trade is usually the right one because everybody else is doing what’s easy…

August 4, 2011 by Cody Willard

I do think it’s a better time to buy than to sell right now.  Easy does it though. Trying to catch a perfect bottom is the quickest way to getting wiped out.

Meanwhile, there are some very important psychological lessons to today’s action.

Do you feel sick to your stomach over this market action?  Can you handle the pain?  This won’t be the last time the market tanks, so remember the way you feel right now.

How hard is it to buy right now?

Remember how great you felt two weeks ago as the DJIA cross 12600 and we were levered up and aggressively long?   You’d just nailed the Google and Sandisk trades and the portfolio was at all time highs.   How hard was it to sell and raise cash and walk away for a break at that point?   Didn’t you just want to keep pushing, gambling, trading, buying? Wasn’t it easier to be a bull at the top?

The hardest trade is usually the right one because everybody else is doing what’s easy — and the near-term market action makes a fool out of the masses most of the time.

Doesn’t mean we’ll head straight up tomorrow or that this sell off will be over when we finish buying.  But nobody’s gonna say that buying is easy right now, and that’s probably  a bullish thing.

 

 

 

 

 

Related posts:

Cody Kiss & Tell: Investing "morally" is impossible, WFM, GPRO, CSCO and more
Cody Kiss & Tell: Bailouts, Fed playbook, market direction & more
Exclusively for Trading With Cody subscribers: The Top 12 Stocks of The Voice Revolution
Trading with Cody Chat room highlights, articles & links, Aug 3rd-7th, 2015
Weekly Chat rescheduled for tomorrow, May 23rd
  • Twitter
  • YouTube
  • iTunes Podcasts
  • SoundCloud

Filed Under: Trading

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

Primary Sidebar

Must Read Articles (Free)

How To Invest In Business Models From Outer Space
Everything You Need To Know About Cryptocurrencies

You are not currently logged in.








» Register
» Lost your Password?

Subscribe now. You can cancel at anytime.

Buy with Crypto

Footer

This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in