Timely Execution Is Critical - Voice of the People

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Zacks highlights commentary from People and Picks Member «horsedentist».

For more Voice of the People, visit http://at.zacks.com/?id=7872

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Except for a Flash Crash Timely Execution is Critical.


Wyatt Earp was not even close to being the fastest gun in the West but he executed flawlessly.  I know I'm nearly helpless during a flash crash within seconds thousands of dollars are gone out of my account.  Over a longer time, stretches like during the fall of 2008, I was afraid to look at my 401k like others were. That was a very costly mistake.

I'm a much more active trader now and I know losses will come but quick action can reduce the damage. There were a few days during 2011 that within hour's major damage was done to my account because of events in Europe or an earthquake. I'm retired but sometimes I work as a consultant which means working in the "field" away from my computer.

I took some defensive action this year and became mobile. I'm not good with phones they are too small for me. I bought an IPAD with wireless capabilities. There are other ways to be connected but the most important thing is: more damage is done by doing nothing than making the wrong stock picks.

The most recent picks by «horsedentist» are:
A sell rating on Ann Taylor ( ANN ),
a buy rating on Team, Inc. ( TISI ) and
a buy rating on YMI BioSciences ( YMI ).

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ANN INC ( ANN ): Free Stock Analysis Report
 
TEAM INC ( TISI ): Free Stock Analysis Report
 
YM BIOSCI INC ( YMI ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ANN , TISI , YMI

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