CHK: Litmus Test If You Should Be Trading
July 9, 2008 1:17 AM
On 07/03 CHK was a short. Not maybe, not well, I wonder. No, it was a short. Period. I wanted to point this out as you will NOT find any more obvious trade than that - ever. If you cannot see that you should have either exited any long position in CHK or shorted it on 07/03 then you should NOT be in the market on an active basis. And I am 100% serious. Most trades are not as clear cut or powerful. That is why I wanted to use this one to illustrate if you have any idea what you are doing.
I only wanted to bring this up as there are MANY people trading that should not be as they do not understand what they are doing. In fact, I would guess most people that do trade should not be. If you are going to trade, or attempt to trade PLEASE spend time and understand what you are doing before you risk real money. Goldman traders make $3 Billion a year trading for a reason - they take your money. If you do not know what you are doing, you should exit the market and either study FAR more or just invest in mutual funds.
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