I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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I know you are setting up the rules, Rob. I would like to see a POTM (month) contest. With your new rules.
Also, I rather than a new contest, I would like to see if the top 3 winners each week would be willing to share how they came up with their picks. That would be educational and beneficial to me, who is not very good at picking.
mimo,
Doug (IIC) has such a good record I'd like to ask him how he makes his final selection. Sometimes I have many of the same stocks on my watch list but can't figure how he makes his final choice for the contest.
You don't want a Nazi running a POTW contest... trust me
Actually a Nazi might be perfect for running a contest such as that suggested. Aren't Nazis known as sticking unswervingly to the rule of law? That's what it takes.
Actually a Nazi might be perfect for running a contest such as that suggested. Aren't Nazis known as sticking unswervingly to the rule of law? That's what it takes.
A benevolent nazi, please, if that isn't too much trouble!
Regards,
Karel
My Investopedia portfolio
(You need to have a (free) Investopedia or Facebook login, sorry!)
mimo,
Doug (IIC) has such a good record I'd like to ask him how he makes his final selection. Sometimes I have many of the same stocks on my watch list but can't figure how he makes his final choice for the contest.
--------------billyjoe
All different ways...But unlike Ski...my contest pix have little relation to what I usually trade in real life.
For example...ACOR...I never would have shorted it in real life...For the contest I simply thought the euphoria was over. And I was right for a little while...after I posted ACOR short it went down several percent...But then whamo it took off again. If I had really shorted it(which I wouldn't have) I would have tried to cover to make about 20 cents...I thought about doing that for the contest for the sake of the quarterly standings...but since there is no quarterly prize I decided to let it ride...I had already used up my first pick...IIC
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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