FARMINGTON HILLS, Mich., Feb. 6, 2002 (PRIMEZONE) -- If you're like many hardworking adults, you've been investing your life savings in the stock market, hoping to provide a comfortable lifestyle for you and your family. Most investors follow the advice of high-profile stock market forecasters who are highly publicized and often seen on television -- only to be disappointed that the forecasters were wrong, once again, about their predictions for the market. You may be surprised to hear that some investors have been trading the market profitably for years -- by not following the forecasters' advice.
"Accurately forecasting the stock market is, at best, a very difficult undertaking, and calendar year 2002 is no exception," explained Bill Poulos, president of Profits Run, Inc. and 20-year stock trader. "While the average forecast for 2002 calls for an up-year, that should provide little comfort to investors as historically market forecasts have not been consistently accurate. During the course of the current bear market, most noted forecasters were recommending a buy-and-hold strategy -- all the way down. I would certainly not base my trading strategy on such forecasts." Instead, Poulos relies upon a rigorously tested set of algorithms with historical data combined with specific stock selection criteria. "This dramatically increases the probability of success regardless of the performance of the major market indices," Poulos said. "I call that a Winning Edge."
"The key is to trade in a disciplined manner using a winning methodology. The catch is, however, that trading stocks profitably requires a great deal of study, time and effort, like any successful endeavor," Poulos added. "Stock trading services can be a big help in that regard. While there are no guarantees, applying a rigorously tested methodology can provide a Winning Edge regardless of general market direction. For example, Profits Run recently closed out a 15% winning short trade in six days during the recent downtrend in the market (TriQuint Semiconductor - TQNT)."
"Regardless of which investment strategy you prefer, you should only invest using an approach that gives you a Winning Edge," Poulos said. "Strategies based on market forecasts don't give you that edge."
Poulos has written a report that helps investors understand the goals of some of the most popular stock trading strategies, and analyzes their effectiveness. A complimentary copy is available at www.profitsrun.com.
For additional information, contact Profits Run at www.profitsrun.com, or e-mail Bill Poulos at bpoulos@profitsrun.com.