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Yesterday, we discussed the importance of being invested and the need to be positioned in the markets ahead of moves and how hard it can be, to do that each and every day. Although initially, this might seem like a daunting task to go through a daily selection process and actually execute trades every day, after a while it becomes routine and practice tends to increase perfection over time.

When we start our day we don't have too many pre-conceptions, we tend to let the market come to us and react accordingly. At the end of the day, our methodology tends to net out positive simply because we tend to win about 75% and lose 25% of the time. Still, we also try to ride the winners to the max and cut losers fast and although this does not always work to perfection, as air-pocket declines can sometimes occur, our strategy of locking in a few intra-day gains and sometimes occasional windfall intra-day profits works. Whenever we can, staying with the longer term winners and getting rid of the losers has turned out to be a winning strategy and has enabled us to methodically work at compounding our performance over time, with increasingly better than expected results.

We also work very hard to avoid losses altogether, but no matter how hard we try, they just always seem to appear, no matter how careful we are to avoid being trapped. In fact, being just too careful can actually hurt performance, as at times one needs to be very aggressive in taking positions, preferably as early as possible ahead of moves. Other times we might be buying into late strength and performance and you really don't have time to think about losses, you have to do as conditions dictate. It's really like betting on a horse race. If the marketplace of 20,000 stocks is represented by 20,000 wild horses out there on the plains, our overriding goal is to consistently find what might be say, the top 20 out-performing thoroughbreds as the horses we are picking for each day's race.

At the end of the day, if 5 horses fall off or don't make it all the way, that's fine as long as the 15 others are in a sprint to the finish.

What this affords us is a built in program of diversification, that we can adjust daily according to conditions, as to how many horses we are actually going to jump on depending upon whether the running is favorable or adverse. When the stockmarket is running very strong, we tend to max out, but when conditions turn negative or appear overbought, we tend to be more cautious and some days, only a few horses make it to the grade, but we have not had one day in more than 7 months that we did not find something to trade.

That is why a highly disciplined and methodical approach to selecting stocks to invest in every day, is what makes every day count.

Overnight, Platinum PLF6 has soared to new contract highs and new 25 year highs and is less than $100 from setting new all time record highs. Platinum is acting very bullish and it does appear as if other white metal could challenge all time highs quite soon. This could be very positive for Gold and Silver, which have been edging higher over recent days, but need some upside acceleration to turn really bullish again. Platinum could be the elixir that may provide the impetus for Gold and Silver to resume their recent uptrends.

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