No one wants to be the dumb money. That nitwit who unknowingly is the last to buy something from a smart money investor who is more than happy to sell and make a profitable getaway.
Think buying Nikola, for example, at $75 before it crashed to the current $17.
Keith Richards learned years ago that investors get mighty emotional when things are going well and especially when they’re not.
So, the President, Chief Portfolio Manager and Technical Analyst at Value Trend Wealth Management, developed a system, a series of 11 indicators, to smooth out his returns and those of his clients.
It’s all about probabilities, minimizing risk, alternative data, and removing emotions to increase the chances of success.
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