From the desk of Louis Sykes @haumicharts
I’m very new to this whole thing.
I only began trading, charting, and researching just a few short years ago – so it’s only natural I become victim to some rookie mistakes.
Seeing my trading account up by a decent margin has given me this attitude that I’m some wonder kid, and that I’ve somehow cracked the puzzle only being a teenager.
But this couldn’t be further from the truth.
If this rally has got you thinking you’re a superstar, consider that 87%, a near-record high, of the Russell 3000 have outperformed the broader market in the last 3 months. That’s right, 87%.
Assuming you’ve held stocks over this period, statistically speaking, it has actually been more difficult to underperform the S&P 500 than it has been to outperform.