Markets Are Always Looking For Reasons(1)

Correction


How do you characterise the correction, particularly over the last few weeks?

It is a normal occurance, especially in a bullish market?

I do not trade the market anymore for short term gains (i.e. less than 10 days turnaround).

Whenever you say that you like a stock, there will always be some who will question your integrity the moment it dips.

Let's be fair here, an opinion on a stock is just that, an opinion, not a fail-proof trading idea.

Certainly not one that will provide for the immaculate in-and-out.

Hence when you buy a stock, do not be flustered if the price drops soon after -

always ask if the

i) basis,

ii) justification and

iii) grounds of your purchase are still intact.

If they are, everything should even out in the end.