The time to be greedy in the capital markets is when everyone else is fearful. Fortunately, we loaded up on the highest beta momentum names we could find last week, and we enjoyed an almost 15% rally off the lows from Friday. Shares of Apple (AAPL - Get Report), Goldman Sachs (GS) and JPMorgan (JPM - Get Report) were up anywhere from 20% to 45% in less than a week's time!

That said, our general trading strategy for our Rocket Stocks portfolio is going to be substantially different and conservative this week, given the massive move the equity markets as of late

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from