WEagle,
Thank you for your reply, I really appreciate it.
Ted Warren's book was given to me in the early 90's from my dad, who was a commodities broker in a very small agricultural town in Nebraska. My dad had been involved with trading commodities for the majority of his life, first as a customer/trader and then ultimately as a broker. He tracked commodities (beef, pork, corn, wheat, soybeans - items that were grown locally) all on big charts he had on the walls of his office (graph paper, pens, and a ruler......)
I am an engineer and believe that the use of charts and Ted's principles are the way to go and have had success using his principles. I find that when I start digging into what a company "does" I start to get confused. And ultimately the goal is to "buy low and sell high". I sometimes listen to commentary from various sources about "what stocks are hot" etc. and I always get a chuckle after reviewing a chart on the particular stock that is recommended, because 99% of the time, the stock price has already broken out, completely going against "buy low, sell high". I am sure some recommended stocks can be purchased and you could make a profit, but after reading Ted's book, I will never do that. One, I don't have the cash to purchase high dollar stocks and two, I feel there is to much risk to loose money.
I too favor stocks in the 0 to $5 range.
Regarding AI screening, I have used 2 different chat bots, discussing Ted Warren and his stock trading principles. In the discussions I asked the bot to provide recommendations of stocks that align with Ted Warren's principles and that are currently trading under $4.00 a share. Ultimately I got a list of around 60 stocks. And just like you, and Investolator2000, I reviewed the chart on each one. Crossed off the ones that "looked ugly" or the price was above "$4.00 a share" (the bots are imperfect......). I ranked the ones that made the list and drill down on the highest ranked ones (the ones I think have the most potential to be in the "breakout state"). I have lists saved on a website, along with notes that I have started to review daily for potential buys. All I look at though are the charts, price history and volume traded, don't care about what the company does. I know I need to learn more, and am curious about Don Wolanchuk.
Full disclosure, I also have reviewed your stock pics posted here, and focused on your "losers" as potential stock buys.
Thanks again.
KTSinvest |
