As we’ve been telling you, there’s no better market for making fast money than a bear market. But you have to be quick or you’ll end up dead.
That’s because in this environment stocks can swing violently in either direction every time the wind changes. As Pete Najarian so often says, “If you get gains of 5% to 10% make sure to take profits because it can go in the other direction pretty quickly.”
And that made us wonder, what stocks do the traders currently like for a bounce? And for that matter when should you take profits and when should you cut your losses?