Tuesday, July 6, 2010

Joe Fahmy on Stocktwits TV: cash for corrections

Catching up with the latest episode of "The Next Big Move" with Joe Fahmy on Stocktwits TV.

If you keep up with Joe on Twitter or through his blog, you probably know that he has been cautious on the stock market in recent weeks and sitting mostly in cash.

In this July 4th episode of his Stocktwits TV show, Fahmy outlines his reasons for why you'd want to wait for factors to line up in your favor before reentering the market on the long side, and why preserving your capital and confidence while you wait is paramount to success in trading the stock market.