tradersystemguru

Are Homebuilders a Buy?

Darcydance - Gartman is a trader and traders trade trends. The trend in builders is currently up and this may continue for a while...

I'll never forget a quote that was attributed to George Soros that could describe successful traders. He said,

“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.”

Traders do not question the reason for a trend, their goal is to catch it as early as possible then beat a hasty retreat before the crowd figures it out...

Matt Blackman
TradeSystemGuru.com