So be listening carefully to Ben Bernanke's Fed policy statement after the FOMC meeting ends on Wednesday. His words or any unexpected bad news overseas could trigger a market correction. The DDS equities may go down along with any stocks trading at high multiples to earnings.
To find the next Procter & Gamble, an investor has to think outside the box and have a prescient, analytical approach. Very few saw the potential for PG to trade above $77 during the first quarter of 2013. Those who look for the inconspicuous among the sectors that have lagged may find the next one.
If you own high-flying dividend-payers like JNJ or PG, let me offer a cautionary word to the wise. Whether you own shares of a stock that trades for $770 or for $77 a share, you'll want to remember rule #1 of investing
Don't lose money"
. Using a stealth trailing stop loss alert system can help you manage downside risk while striving to let your winners run.
It behooves all traders and investors to know what a trailing stop loss is and how to use one that the Market Makers can't see or pick off. This way you have more control over your investing results, and my experience has taught me that it lets us invest hoping to find the next PG yet keeps us focused on rule #1.
At the time of publication the author was long MSFT.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Most large-cap stocks were once small- and mid-cap stocks. Bryan Ashenberg is here to help you find the cream of the crop amongst the market chaos.