OPTIONSMART MORNING UPDATE: Poised for strong opening
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September 22nd, 2009 at 8:09 am
OPTIONSMART MORNING UPDATE: Poised for strong opening
1. OUTLOOK: The NASDAQ index posted a modest gain as biotech stocks advanced. Tech stocks finished fractionally higher, but Dell (DELL) was dropped for a sizable loss. It announced that it will acquire Perot Systems with a 70% premium to the closing price last Friday. NY Times reported that Yahoo is expected to unveil a major new marketing campaign on Tuesday. HPQ and NVLS updraded. The biggest challenge in the next few weeks is going to be corporate earnings.
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3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published in late October.4. WISDOM NUGGETS:
- Losses are a simple cost of doing business. Don't try to justify a bad trade by convincing yourself that it will sooner or later turn into a good trade. Accept losses easily! Successful traders are able to ride through downturn periods. The confidence in their methods reassures them about their future success.
The markets offer endless and plentiful possibilities. Missed opportunities exist only in your mind. Prices keep changing and generate other opportunities. The goal of trading is make a net profit after a sequence of trades. It is, therefore, necessary to accept some losses and to look forward without punishing oneself.
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- Losses are a simple cost of doing business. Don't try to justify a bad trade by convincing yourself that it will sooner or later turn into a good trade. Accept losses easily! Successful traders are able to ride through downturn periods. The confidence in their methods reassures them about their future success.
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