Having a Bad Day? - Just Work Harder - Yahoo! Finance

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Having a Bad Day? - Just Work Harder

By Malcolm Stacey

Hello Crazy Funsters,

Always remember that when most shares are falling, there are a few golden stocks that are rising fast. Not all shares behave alike. There are mavericks.

This is a cheering thought, gang. When shares drop, our faces usually fall at the same rate. My family suffer when shares drop, because my mood changes. Im not always aware of this change, but careful consideration of my feelings usually reveals that a poorly performing Footsie (news) makes me want to kick the cat. I dont, of course, but you know what I mean.

But my dark despair is quickly lightened when I notice that a few penny shares I own are shooting skywards against the general flow.

One policy I have is to switch shares fast from a loser to a winner and Im most likely to do this in a falling market. The need to make a change and make a bit of money grows as the Footsie falls. When the Footsie rises I know that most of my bag will be worth more than the day before, so the need to make fast bucks by hectic wheeler dealing soon diminishes.

Thats the reason, gang, why you are probably more active on days when shares are dipping. To make money as a pro share-shifter is much harder in a recession (obviously) but a bit of effort can still be rewarded.

If only a few shares rise fast on the worst of days, then you need to be in on those shares. And if youre not in on those shares when they start rising, maybe theres time to get on board before they run out of steam.

I often try this. Sometimes I come a cropper, but on average I do not. The moral, I think, is to work harder on poor days and treat yourself, when the Footsie rises nicely, to a day off. Rock on.

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