Fly Fishing the Stock Market: How to Search for, Catch, and Net the Market's Best Trades

CONCLUSION

Whether you work at a job, raise kids full time, or pursue other activities that take you away from intense observation of intraday markets, the bait-‘n’-wait strategy will dovetail nicely with your goals and objectives. The frequency of evaluation and analysis of your investment would be daily at the most and monthly at the least, depending on your personal investment time horizon. A simple glance at the applicable chart with the designated evaluation data is all it takes. The method is simple and easy to follow.

If you are a beginning trader, I recommend mastering this concept with discipline first before stepping into advanced short-term trading activity. If you are an active trader who is getting beat up and whipsawed, I recommend that you step back, look at the big picture, stop fly fishing the market, and instead start bait fishing the market with this strategy until your confidence returns and you experience joy in trading again.

This strategy, in differing time frames, provides a trading comfort niche for any and all. I use this strategy for a portion of my portfolio committed to holding solid megatrend stocks for the long term.

If you happen to be a person who is comfortable buying the “market” and holding, this strategy should be part of your armamentarium to enhance and protect your investments, as explained earlier. Your resultant return on investment will increase, with little extra relative effort, as long as your investments are cast among good, performing stocks ...