Comments for Stock Market Investing Today

Comment on The Ultimate Buying Stocks Guide by Trish

Trish — Mon, 05 Dec 2011 21:26:23 +0000

Thank you!
I’m a newbe on this investing in stocks thing! I don’t have a huge reservoir of money to gamble with, but this has gotten me a bit excited about my possibilities! Though I’m kind of perplexed with the difference in investing with individual stocks or a mutual fund.
I guess it means more research for me!

Thanks again!

Comment on How To Build Your Own List Of Stocks To Buy Today Using Investors.com And Their eTables Service by Ty Coon

Ty Coon — Mon, 23 May 2011 04:04:43 +0000

Hey Jimmy,
For me personally, these stocks would not meet my screening criteria. That isn’t to say they won’t go up in price, it is possible, as they have been under some accumulation. They don’t meet the definition of the canslim stocks which is the investment strategy I follow due to lack of strong earnings. Keep us posted as to what strategy you are following and why you chose these stocks in particular. The best thing you can do is adopt a proven investment strategy and follow it exactly. Thanks for taking time to make a comment and good luck to you.

Comment on How To Build Your Own List Of Stocks To Buy Today Using Investors.com And Their eTables Service by jimmy

jimmy — Mon, 23 May 2011 00:27:16 +0000

I found your article very interesting and down to earth. I currently will invest $25.000 in four stocks that I picked. I really don’t have your skill but could you please give me some advice on the three I am interested in. AGNC,FTR, WIN, and NLY. Please resend the Ex dividend is the 6th for FTR or WIN and I will try to get in by then if the price is between a 52 week high and low..

Comment on Best Stock To Buy Right Now by Ty Coon

Ty Coon — Thu, 13 Jan 2011 02:24:36 +0000

Yeah, everybody is buy buy buy…but no one nails down selling very well. Never be afraid of selling early I say. It’s better than watching it disappear. I trade in a tax deferred account. If you can do that, you’ll have one less thing to worry about. Good luck and keep in touch.

Comment on Best Stock To Buy Right Now by John

John — Thu, 13 Jan 2011 01:24:22 +0000

Ty,

Thank you for the quick reply. I just read your posts on selling and they are very helpful. I find tons of info on the net about the correct buy points, but barely anything about a method of selling.

I’m familiar with O’Neil’s 20% methodology. If it was as straightforward as sell at 20%, that would be great, but he adds that side rule about keeping it for eight weeks if it hits 20% out of a base within three weeks of your purchase. That is hard to do! I’m trying that now on a stock, but keep itching to sell it all as it continues to edge upward.

I think maybe you have the right idea about starting out with singles until you feel comfortable with how things play out. It is definitely more simple and less stressful.

One more thing I worry about is that since I’m in a taxable account I really have to make more profit trading short-term than I would long-term. O’Neil’s book says not to let that be a driving factor, though.

John

Comment on Best Stock To Buy Right Now by Ty Coon

Ty Coon — Wed, 12 Jan 2011 22:49:08 +0000

@John,
Thanks for noticing the status of my stock pick. The price I got in WLT at was actually a little higher than the closing the previous day. My entry price was $117.46 so my target price is actually $140.95 (117.46*1.2). Yesterday we hit around $138 which was great but I still need to go a little higher to hit my goal. I’d actually like to see it go a tad higher anyway to help cover my transaction costs which round trip will be $19.98 at TD Ameritrade. I chose a 20% price target because that is one of the things William O’Neil recommended. He suggests shooting for being right one out of three times and trying to get achieve a 20-25% gain when you are right, limiting your losses to 7-8% when you are wrong. In any case, I’ll also watch to see if I think it will go higher. It’s been on a good run though so I am not sure what will happen. I will definitely take a least a 10% gain no matter what. Let’s hope higher.

One additional thing about profit objectives. I recommended PPO to a friend of mine over the last month or so and he finally sold it after I told him it was no longer on my watch list. I’d actually told him to sell it earlier when the market went into a correction. He held it and it did turn when the market did. He locked in a gain of 20%. a few days later it went up again and he said “sold it too soon”. While that might be the case, you can’t argue with a 20% return in one month. Get in the habit of hitting singles (20% gain) consistently, then work on squeezing out some doubles (40% gain), then some triples (60% gain) and finally aim for the home run (80%+ gain). It takes a lot of drive to get a stock up 20-25%. It’s probably gonna pause anyway. Once you sell it don’t look back to buy it again but do look back at your trades to see if you are selling way to soon. Review them 3 months, 6 months and a year later.

Stocks are a lot like gambling. A lot of people get ahead and then they give it back because they played too long. Don’t let this be you. Take your gains and limit your losses.

Thanks for the comment. It was good to see someone is out there reading my stuff!

Comment on Best Stock To Buy Right Now by John

John — Wed, 12 Jan 2011 19:05:34 +0000

Looks like you hit your stop. Good pick! But why did you arbitrarily set a target at 20%? Why not use trailing stops at support levels along the way up to see if you can get an even higher profit? (Not that I see any at the moment close to the current price of WLT.)

This is what I am currently struggling with in my trading. Try to hold as long as possible or set arbitrary price targets.

Comment on How Do You Know If The Market Is In A Confirmed Uptrend by Walley

Walley — Fri, 03 Dec 2010 10:18:02 +0000

Thanks for the post. Always wondered if there was an easy way to see the market trend.

Comment on Why I Think You Should Be Investing In The Stock Market Today by Ty Coon

Ty Coon — Wed, 10 Nov 2010 13:23:34 +0000

Good to hear from you Jay. Good luck with your investing and thanks for the comment.

Comment on Why I Think You Should Be Investing In The Stock Market Today by Jay

Jay — Mon, 08 Nov 2010 03:43:17 +0000

Ty,
Thank you for your insightful articles. I liked your article expanding on stockbee’s IBD list. I recently got an IBD online subscription and it certainly helps to follow others who have used it wisely. Thanks – Jay.