Yalicoo’s highlights of last week
April 14, 2008
The US market ended another week of declines, followed by a disappointing first-quarter report of General Electric Co. (GE), which posted a weaker than expected first quarter sales and earnings. General Electric is often seen as a representation for the economy, since its business extends into entertainment, consumer and industrial manufacturing, finance and health care. Thus, this could be more than a hint for a current slowdown of the economy. General Electric is also one of the first companies to post first-quarter results and its earning decline increases worries that other companies’ reports will show a similarly gloomy picture.
The returns of the players in last week's
60 minutes competition were surely affected by this bearish market, and they were lower than usual. K2 (0.23%) won the first place, beating the other leaders by only few dollars. Despite the lower returns, many traders did manage to gain positive returns, an impressing fact by itself.
This week we continue to run the FREE Generous Thursday with $330 in cash prizes for the winners. If you are new to Yalicoo, this could be a great opportunity for you to get to know the various advantages of our competitions and get familiar with Yalicoo’s expert traders.
We are half way into the monthly competition and so far the returns are impressive.
BanderaS (14.88%) is safely leading with a large gap ahead of the other competitors.
MarketAce asked BanderaS in the comment section an interesting question: “one of my problems is that I can’t tell when to sell my stocks. When I lose I’m hoping it will rise again, when I gain a little profit I’m always selling it too fast. How do you decide when enough is enough?”
BanderaS revealed his secret by answering: “Cut your losses short and let your profits run”. Timing is probably one of the most important issues that differentiate great traders from others; they know when to buy and definitely when to sell their stocks. By watching expert traders such as
BanderaS you can improve your decision-making capabilities and dramatically increase your returns.
To add to the above investment strategy of BanderaS we should remember that we are in a volatile market these days. These are times when some investors choose to invest in short-term and riskier stocks rather than in the long-term stocks. Needless
to say, choosing the right stocks is easier said than done. Thus you may elect to buy stocks and hold them for the long run following the participants in the
quarterly competition. This way while you may miss periods during which the market spirals up, you will still experience gains in accordance with the market’s long-term history of gains.
The traders in the
quarterly competition are starting to boost their portfolio returns.
MarketAce is currently ranked first with 6.42%, while the expert TheTrader (4.99%) and a newcomer
Blooskye66 (4.05%) are very close behind. It will be interesting to see how these traders succeed to swim in the volatile market in the near future.
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