James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Recent Articles By The Author
The Ultimate Stock Market Indicator Is Your Gains and Losses
It is up to us to manage our accounts effectively.
There Are No Signs Yet That the Correction Action Is Over
The good news is that this action is creating opportunities.
PayPal Stock Has a Problem Right Now
PayPal provides a good example of the dilemma this market is facing.
Focus on Protecting Capital Rather Than Predicting the Next Market Move
Forget all the arguments and theories about what the market will do next, nothing is more important than preserving your capital.
The Correction Continues
The market bounce earlier in the week was completely wiped out on Thursday.
Failed Bounces Are the Main Ingredient of Downtrends
The main focus shouldn't be on predicting the lows but on predicting when the trend is upward again.
Will the Market Care About Microsoft's Upcoming Quarterly Numbers?
MSFT is never going to be a big time growth stock again.
6 Steps for Dealing With a Market That Can't Be Trusted
They include holding a high level of cash, keeping stops tight and being patient.
It's Not a Big Surprise That Market Players Had Limited Conviction Wednesday
The extremely strong bounce on Tuesday didn't lead to strong follow-through or a quick failure on Wednesday.
Right Now This Is Devolving Into a Market For Day Traders
It is very choppy and chaotic action out there but breadth is still solidly in the red.