Twenty tips for market survival


From Alan Farley at TheStreet.com

Getting whipped around by September’s massive volatility? Overtrading like a lunatic, even though sitting on your hands and doing nothing is the only reasonable profit-making strategy? Afraid of missing the move, and at the same time you’re absolutely terrified about taking on risk?

You’re not alone if you think this is the nastiest market you’ve ever seen. In fact, pros and insiders are even more scared than at-home traders these day.

He then presents 20 solid tips for how to survive, and maybe even prosper.

Prediction: The bailout will pass, the market will rally hard, then, sooner rather than later, reality will intrude and things will crater again. The credit markets are currently frozen and WaMu is on its last legs. So, really, anything could happen.

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