Thanks for showing up. Sorry to see you have not had much success so far. I try my best to stack the deck in my favor and watch stocks that have the best odds for movement. I use Navellier's MPT Review's list of top 450 stocks, which I filter out to use stocks that are less than $25. These stocks have momentum tendencies that give good movement to the upside and tend to correct quickly for a few good shorts. Navellier on his own has done very well over the years, so I am trying to use his computer model to my benefit. Another big help is to take profits and cut losses short. Occasionally I do miss some big moves, but more often than not stocks correct. Here are my trades in the past 4 mo. to give you an idea (includes commissions).
LONG(%gain): 22,-2,-10,30,11,-10,28,34,24,4,-10,1,-2,7,27,-9
Short(%gain): -8,-4,13,15,3
Long avg. trade 9%, 62% Hit rate, Avg. holding time 15 days
Short avg. trade 4%, 60% Hit rate,Avg. holding time 9 days
Most losses are out in 5 days.
As you can see no big winners (baggers as Lynch would say). But the benefit of compounding does wonders. Plus in my mind I am reducing risk. I can't tell you how many times I have been badly burned by holding on to stocks that "should" being going up as I waited for the big score, but crashed instead.
I would be glad to help you out with this system. I only have four months under my belt, so ask me in a year on if I still think it works. Final thought, track your emotions as you trade. In discretionary trading it can help or hurt you. Ask the question, am I making a trade on sound principles? |
