For Immediate Release
Chicago, IL – 01/19/2012 – Zacks highlights commentary from People and Picks Trader “horsedentist”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Timely Execution is Critical
Wyatt Earp was not even close to being the fastest gun in the West but he executed flawlessly. I know I’m nearly helpless during a flash crash within seconds thousands of dollars are gone out of my account. Over a longer time, stretches like during the fall of 2008, I was afraid to look at my 401k like others were. That was a very costly mistake.
I’m a much more active trader now and I know losses will come but quick action can reduce the damage. There were a few days during 2011 that within hour’s major damage was done to my account because of events in Europe or an earthquake. I’m retired but sometimes I work as a consultant which means working in the “field” away from my computer.
I took some defensive action this year and became mobile. I’m not good with phones they are too small for me. I bought an IPAD with wireless capabilities. There are other ways to be connected but the most important thing is: more damage is done by doing nothing than making the wrong stock picks.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
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