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Winning Stock Picks
By OnTopic | January 17, 2010
In February the blogger at MoneyPhilosophy.com thought it would be a good time to get back into the stocks game after having been out of it for a few years. Money Philosophy was initially drawn to stocks such as GM and C (Citigroup) which had taken a huge hit since the stock market fell through the floor in the fall of 2008. These stocks looked like they were rebounding and he was thrilled about the possibility that they could eventually reach their old peaks.
His C and GM picks were extremely successful and that got him into looking for other stocks similar to them. He ended up coming across a couple of penny stocks, CTIC and LJPC, that looked like they may break through in a similar way.
That turned out to be correct as both LJPC and CTIC ended up being huge winners. They were even bigger gainers than GM & C.
He decided that he may really be onto something with the way he was selecting these stocks so he decided to try to create a stock screen screen which would find more stock buys like them right at the moment before they were about to “pop” with big gains.
The reason I’m writing this blog post right now is because his first stock pick with this new screen reached a high 20% above it’s open today and that certainly impressed the heck out of me. Obviously my imagination is off and running with the big gains I could make by following his advice.
Obviously I don’t expect every stock pick he makes to have big gains. No way. And it’s key to remember that a gain isn’t “official” until you actually sell the stock. Figuring out when to get out is just as important as deciding when to buy. The cool thing is that he also makes a post on his blog (and on Twitter) when he gets out.
He does not share exactly how he screens for these stocks as I guess he’s a little too selfish to share all of his trading secrets but he definitely shares more about what he’s actually doing on the market than most so called “gurus.”
He’s clear that he is definitely not giving investment advice never giving investment advice. And that’s an important thing to note. You should always do some of your own investigating before deciding whether or not to buy a stock.
While it’s tempting to buy The Day Trading Robot or The Forex Funnel, I honestly think anyone would have superior gains just by doing what he’s doing. And the really awesome thing is that it’s totally free.
Consider this: I think it’s always a good idea to make “imaginary trades” before you start using real money when trying a new stock picking strategy.
Topics: Finance | No Comments »