Whether you're a professional investor or just want to trade like one, Buy High, Sell Higher will show you how to pick winners, maximize gains and minimize losses...In this book, you'll learn how a stock's price is just the beginning of the story, and that other indicators like moving averages and volume can help you to spot stocks that have momentum. You'll also learn how to determine the optimal moment to buy a stock, when to sell it, how to protect yourself against sudden reversals in the market, and how to capitalize on moments when other investors are retreating.
What's the best month to buy tech stocks? To sell an energy asset? And what is the one-day of the year that you should never, ever trade on? Answers to these and other questions are just some of the insights that Joe Terranova shares in Buy High, Sell Higher.
Terranova is a series regular on CNBC's Fast Money and the Chief Market Strategist for Virtus Investment Partners, a firm with over $25 billion in assets under management. Prior to joining Virtus, he spent 18 years at MBF Clearing Corp., where he was the director of trading and managed more than 300 traders. And as viewers of CNBC's Fast Money know, Joe is a master at demystifying the forces that drive today's markets. So why not let him show you how to use telltale signs to spot investments that are poised for lift-off.
Stock market rules have changed-and with them, so should your strategy, advises Terranova. After many years working at MBF, one of the biggest natural gas and oil trading firms in the world, and witnessing the astonishing market events of recent years, Terranova realized that the average investor needed a new plan to survive and profit in this market and that anyone prepared to do the homework and tackle the unexpected could become a better investor. While investors have been trained to look for bargains, that's not a great strategy. Blending case studies and instruction, Terranova teaches readers the basics of the new investing: keeping an investing calendar; choosing professionals for your team; avoiding the temptations of day trading; and investing in assets you believe are important. As Terranova effectively argues, the key to long-term success in any market depends on the investor's ability to recognize when the story has changed.