To: stackedinvest who wrote (983 ) 3/25/2022 5:29:58 PM From: WEagle 3 RecommendationsRecommended By investolator2000 robert b furman stackedinvest
Respond to of 1798 Hi stackedinvest, I had just spent some time writing a rather lengthy reply to you questions but then I clicked on something else and lost the whole thing. Makes me so mad. Here is a shorter reply. I am 70 yeas old and have most of my money in other bank accounts and professionally manages 401Ks. Part of the cash is in CD's. All this is my balance. The etrade account that I trade is my learning/experimenting account and about 35% in stocks and the rest in cash. I only go long in stocks. I don't use other investment vehicles, at least, not yet -- maybe sometime in the future. I am thinking about what I will do when I feel we have actually entered a bear market, but that time hasn't come yet. Ted didn't sell out in bear markets if I have interpreted his writings correctly. Of the stocks that I have bought and sold, until recently all were Ted Warren method buys. I am currently experimenting with some other tools but even the four stocks that I have bought with these other methods are somewhat based in what Ted liked for price patterns, but the patterns were not all as long as Ted advocated. So far, this combination seems to be working but the jury is still out. Within my trading account, I don't balance between different types of stock. I buy mostly stocks with prices below five dollars, some even below one dollar. I try not to buy from just one or two sectors of the market but I also don't necessarily try to buy from all sectors. And confidence in the stock is a big factor in how much I put into the investment. Then, if the price is behaving well and does not appear to be nearing a top, I might double or even triple my position. Balance? Forget about it. Happy Trades to You. WEagle