Meet our Forbes Guru: Dan Sullivan
Dan Sullivan is the editor of The Chartist. He instructs his readers the same way he instructs his clients: profits are allowed to run, losses are quickly cut.
Sullivan uses a buy high, sell higher approach. The basic concept of relative strength is that the stocks which are stronger compared to their peers will appreciate to a much greater degree than the average issue. This dictates buying stocks after they have already made significant gains. The average investor finds this difficult to do because it is, in effect, the opposite of conventional lore of buying low and selling high. The high relative strength stocks, however, are exactly the ones Sullivan wants because they offer the potential for the greatest gains.
Sullivan has been successfully utilizing these techniques for over 30 years. He believes in his disciplined approach to investing and puts real money on the line to prove it. The Chartist is one of the very few advisory services that actually buys and sells the stocks it recommends. The Chartist Actual Cash Account belongs to a member of the Sullivan family and is featured on the front page of every edition of The Chartist.
The strategy of The Chartist has evolved over the years, but its basic approach to the market remains the same. Sullivan explains, "We do not make predictions or pretend to have a crystal ball. Instead we let the market be our guide. If we are wrong we simply get out of the market and wait for a more opportune time. And while we are quick to sell off our losers, we part with our winners very slowly. This approach might not work for everyone, but it has certainly worked for us." |