Page 1157 - How to Make Money in Stocks Trilogy

142 HOW TO MAKE MONEY IN STOCKS—GETTING STARTED

This is a critical point to understand, so be sure to go back and look at the
other examples we saw earlier for uptrends that started in 2003, 2010 and
2011 (see Big Rock #1, Chapter 3).
And remember: This is not a case of 20-20 hindsight. You’ll find many of
these leading stocks on the IBD 50, Your Weekly Review, Sector Leaders,
Stock Spotlight and other lists before they break out if you regularly use the
daily and weekend routines we went through in Chapter 4.

Protect. Prepare. Profit.
I don’t know what your perception of the stock market was before you
started reading this book, but I hope by now you realize these 2 things:

• You do not have to be at the mercy of the market. You can see the
right time to get in—and out.
• You should not get frustrated by a downtrend—even a severe one.
Protect yourself by following the Selling Checklist, then prepare to profit
from the huge money-making opportunities that will appear in the next
strong uptrend by sticking to the Buying Checklist and simple routines.
Next up: Now that you know how to handle a weak market, let’s talk
about how to handle weakness in your own stocks.

• ACTION STEPS •

Here are some quick To Dos to learn more about how to spot weakness
in the general market—and what to do about it. To take these steps,
visit www.investors.com/GettingStartedBook.

1. Read The Big Picture column.
• Is the market currently in an uptrend—or correction?
• What else does it say about current market conditions?
2. Watch short videos on:
• Sell or Hold? How to Review Your Stocks in a Weakening
Market
• How to Handle a Market Correction
• What to Do After a Follow-Through Day