TODAY’S THOUGHTS
"Today's Thoughts" is a nightly email that is sent to ZP Fire level members. Once in a great while I get a wild hair up my ass and decide to post them on the blog. Here you go:
An important article to read on the blog tonight about core strategies versus periphery
strategies http://www.zenpenny.com/?p=943
If you are able to develop a good periphery strategy to compliment a strong core strategy
then it can be an immense help in increasing the performance of your portfolio. I will be
focusing more on periphery strategies over the coming months. Of course, our core
micro-cap strategy will always be our "go to guy". However, I think all members will benefit
from the trading strategies, watchlists and eventual trading triggers than I introduce here.
Our portfolio pulled another yawner today. We have been fortunate in that we haven't been
bashed by the recent volatility in the market...that's a big positive. Being involved with a
temporarily boring portfolio is much better than being involved in one that is losing money.
As we approach the end of this trading week, I don't see any short-term or longer term
setups that are tradeable at the moment. I could give out less than premium potential
trades in order to satisfy the "trading hunger" that is within all of us...but then that would
make Zenpenny like every other site out there...and that's not what I'm aiming for.
I will only pass along trades when the potential risk/reward setup is such that it demands our
attention and our dollars. At this juncture, none exist...and I ain't in the mood to try and
squeeze some juice out of dry lemons. Not my game...and it shouldn't be yours either.
