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Short Profit taking after Huge Gains...
Robert Morris
November 07, 2024
Good Evening Rebel Investors,
“It’s the repetition of affirmations that leads to belief. Once that belief becomes a deep conviction, things begin to happen.”
-quote by Muhammad Ali
Do you believe in your plan of attack for getting the results you want from the stock market? What is your plan once your money starts growing?
Why am I asking that, because if you have no plan on how to enjoy and use your success then you really do not have a deep conviction about your abilities, or plan.
That has to change in order for you to obtain consistent stock market success and I want to help you get there.
Do you have a deep conviction in your plan? Is your plan solid enough to stand on it’s own?
Really if you sent me your investment plan for 2025 today, could I take that plan and understand it well enough to go right to work?
Yes, I know I said 2025 plan, because if we want success in the markets we have to know what we are going to plan to do months in advance.
We should use the historical normals of the market in order to build the base of those plans.
Then build out from there and use the next 5- 10 years as a time frame to build month, after month, after month as a stepping stone to your eventual success.
When I truely began to believe in my ability as a stock market operator the money started to come as a by product!
-Today’s Markets - 11/07/2024
The market closed basically sideways. I mean we had small gains as I expected, but they gave way to the profit taking after such large gains the few days before.
The sideways is probable to give way to more gains maybe tomorrow or more likely Monday!
Remember entering big positions on Friday is not a usual move for the big money and we follow the BIG money.
In other market news, the Fed cut rates again today which is a good sign for the economy.
Cutting rates means cheaper money can be borrowed and the flow of money being borrowed is how our economy grows!
This is a good bit of news for the markets,but while this is the 2nd rate cut of the year and it does spell smooth growth ahead, during November earnings that news will probably do little to push the markets.
I wouldn’t be suprised to see a 10% gain in the $SP500 over the next 2 weeks.
Are you profiting?
Are you preparing for the decline to follow?
Success, if you woke up and had everything you ever wanted what then defines you? In my experience in order to have the success you seek then separate yourself from the result.
The result does not make or break you as a person.
I want to here from you, I have a simple form for you to let me know what your questions are about the stock market and building a stock market income.
Click this line here for the form
Or the button below
The goal here is for you to learn the edge that you need to begin building your families financial generational wealth change!
Your Friend in Success,
Robert M Morris
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