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All right, I will try this one more time, with a dedicated thread.
First, allow me to apologize if I upset anyone, or appeared disingenuous, I assure you, that is not my style nor was it my intent.
About me: In mid February, I retired from the floor after 33 years on Wall Street. During that time I have preformed a variety of functions from arbitrager, trader, money manager to commentator.
When I pick stocks, I pick them to go up, hopefully. I look for what appears to me, the potential for gain, whether it be short term or long, 3% or 30%.
If I think a stock is only good for a 3% gain, I will say so. If you are buying in 100 lots, a 3% stock will not fit your model. If you are (or have the ability) to go in for 2000 shares, then a 3% gainer will be worth your while. I will always disclose if I have an interest in a stock, and will notify you if I go into a position that I have posted on.
Almost every stock I buy is long. I am not a short seller, and I do not trade options all the much. If I think an option is merited for something I write on, I will mention it.
At any given time, my portfolios will have 34 to 60 positions, with as many as 6-8 open orders at a time. I always buy on a limit (either GTC or day). In many cases, I will have two or more open orders on the same company (I manage three separate, personal portfolios, two NQ one Q).
I call my orders autopilot, and usually tweak them on late Wednesday, as I am, more often than not, traveling on Thursday and Friday’s. Case in point: I had two open orders on Finisar last week, one went off just after the close on Friday, and the other didn’t. I am a very active manager, and have close to 60 trades YTD for a total of 74,000+ shares in various firms.
I will not post on every position the I enter (not enough time), but promise to post as many companies that I can, that I think show potential for appreciation.
Now, my method: I am a CFA and pick stocks the old school way: Gut and news. I don’t rely heavily on screens (I do track recent price history and 52 week ranges, and that’s about it). If I see a news blurb on something, I’ll check it out immediately, and if it hasn’t moved too much, I may take action. In cases like this with bad news, options on the down side may come into play for some “quick money”.
I rely on Bloomberg, Reuters and some independent papers I receive from BNY from time to time. The old fashion way: I read financials and dig through company news and look which way the officers and other corporate insiders are going. Basic stuff, not too fancy, but it works.
If I see something I like in a company that has a red balance sheet (as in CTIC), I will call that as a contrarian choice.
View my advice as a newsletter. Make your own decisions on whether or not to buy, never buy blindly on something I post. I am merely offering guidance; please do not construe that as an endorsement to buy.
I will put a follow up post on my list shortly.
Thank you for allowing me to join your community, and once again, I apologize for coming in like a bull in a china shop.
Happy and prosperous trading!
BTW-My handle "Adman", I have nothing to do with ads or Madison Avenue. It just happened to be the name of a boat I bought once. I know a couple of you were wondering.
First, allow me to apologize if I upset anyone, or appeared disingenuous, I assure you, that is not my style nor was it my intent.
About me: In mid February, I retired from the floor after 33 years on Wall Street. During that time I have preformed a variety of functions from arbitrager, trader, money manager to commentator.
When I pick stocks, I pick them to go up, hopefully. I look for what appears to me, the potential for gain, whether it be short term or long, 3% or 30%.
If I think a stock is only good for a 3% gain, I will say so. If you are buying in 100 lots, a 3% stock will not fit your model. If you are (or have the ability) to go in for 2000 shares, then a 3% gainer will be worth your while. I will always disclose if I have an interest in a stock, and will notify you if I go into a position that I have posted on.
Almost every stock I buy is long. I am not a short seller, and I do not trade options all the much. If I think an option is merited for something I write on, I will mention it.
At any given time, my portfolios will have 34 to 60 positions, with as many as 6-8 open orders at a time. I always buy on a limit (either GTC or day). In many cases, I will have two or more open orders on the same company (I manage three separate, personal portfolios, two NQ one Q).
I call my orders autopilot, and usually tweak them on late Wednesday, as I am, more often than not, traveling on Thursday and Friday’s. Case in point: I had two open orders on Finisar last week, one went off just after the close on Friday, and the other didn’t. I am a very active manager, and have close to 60 trades YTD for a total of 74,000+ shares in various firms.
I will not post on every position the I enter (not enough time), but promise to post as many companies that I can, that I think show potential for appreciation.
Now, my method: I am a CFA and pick stocks the old school way: Gut and news. I don’t rely heavily on screens (I do track recent price history and 52 week ranges, and that’s about it). If I see a news blurb on something, I’ll check it out immediately, and if it hasn’t moved too much, I may take action. In cases like this with bad news, options on the down side may come into play for some “quick money”.
I rely on Bloomberg, Reuters and some independent papers I receive from BNY from time to time. The old fashion way: I read financials and dig through company news and look which way the officers and other corporate insiders are going. Basic stuff, not too fancy, but it works.
If I see something I like in a company that has a red balance sheet (as in CTIC), I will call that as a contrarian choice.
View my advice as a newsletter. Make your own decisions on whether or not to buy, never buy blindly on something I post. I am merely offering guidance; please do not construe that as an endorsement to buy.
I will put a follow up post on my list shortly.
Thank you for allowing me to join your community, and once again, I apologize for coming in like a bull in a china shop.
Happy and prosperous trading!
BTW-My handle "Adman", I have nothing to do with ads or Madison Avenue. It just happened to be the name of a boat I bought once. I know a couple of you were wondering.
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