Thursday, December 6, 2007

17 trading days left this year ????

2007 is coming to an end......in 17 trading days !!!

How was your investment year ????

Did you reach your goal for the year ????

Did you start with a goal for 2007 ????

What have you learnt in 2007 ????

What strategy did you deployed in 2007 ???

Do you know MORE about Fundamental Analysis ????

Did you apply FA in every trade ????

If NOT then...what good is that knowledge if you do NOT use them daily in every decision to buy ??????

Did you make progress in Technical Analysis ?????

TA is extremely critical after FA to make a good buying & selling decision.......

Have you learnt how to SPOT or FOLLOW a hot sector ??????

Do you KNOW why certain stocks went UP more than 100% ????

Wall Street ALWAYS rewards great GROWTH story stocks ........sometimes over 200% in a year ??????

What it takes to LEARN/KNOW all of the ABOVE......?????

Lot of homework in peace & quiet...

It is reading about the UPCOMING trends in economy...then locating which stock is positioned to capitalize on that trend......

Message Board is NOT the place to LEARN anything.....

MB is where time is WASTED in knowing about Ticker Symbols which is going to lose money......

MB is full of people who post continuously CLAIMING to KNOW by posting opinions only...which is NOT based on FA or TA.....

Personal opinions about any stock has NO merit unless it is detailed with FA & TA.....you all must have heard "garbage IN and garbage OUT".......

There are many USEFUL free sources...which one can check daily and they are :

-Yahoo Finance.....FA
-Google Finance...FA
-MSN money central...FA
-www.stockcharts.com....TA
-www.stockconsultant.com..TA

So...which information is useful ?????

-What exactly a company DOES.
-How much in Sales are they going to do this Q ,next Q, this year & next year ???
-How much are they going to EARN this Q,next Q ,this year & next year ????
-Are the sales & EPS growing Q after Q & year after year ?????

On the technical side ????
-Is the chart sloping UP or DOWN ????
-Is it above 50 & 200 DMA????
-What is the RSI range for last 3 months.....????
-Based on RSI analysis is it trending UP or DOWN ???
-Is the RSI in overbought or oversold range ?????

I know..... there is LOT to know & monitor daily ?????

That is why I care to know about max 100 stocks only...which keeps changing every three months...

I do keep track of hot sectors and start monitoring and include in my 100......

Never buy LOW VOLUME stocks......

Those of you who cannot dedicate enough time for all of the above...then IBD is a very good source to SPOT winners.........

Always divide equal $$ in 5 BEST IDEA stocks..whether from IBD or from your OWN researched list.... Please NO BARGAIN or 52 week LOW list...ALWAYS choose from 52 week HIGH list ONLY $$$$

Do NOT worry about being WRONG in selections......we all face that DAILY....

Buy with CONVICTION & see which one will perform BETTER...and then try to understand WHY ????

Let the WINNER run.......

Do NOT overtrade ????

Do NOT jump IN & Jump OUT...without reason ????

So......you have 17 trading days to OPTIMIZE your return for 2007 !!!!!

Hope I have given you some piece of wall street puzzle !!!!!

Good luck for rest of 2007.....

Prepare & Plan for way-better 2008 !!!!!

Saleem

6 comments:

madmax said...

SALEEM

WHat a wonderfull posting on your blog--please consider a small book of trading rules.

Smile
I like it. I have been an IBD reader ofr 4 years and I am still learing a lot. Thanks for sharingyor insights and wisdom with me and all bloger visitors.
Please stay well and continue the Great help that you offer!
Madmax

Stocks100 said...

Hi Madmax,

Thanks for appreciating my thoughts for balance of 07 & 08 planning.

Our result reflects our homework & quick reaction to market forces.

I have a very strong feeling that 2008 will be even TOUGHER year.

I am also trying to figure out...what I will be doing different ...to deal with even tougher environment in 08.

Saleem

Doug said...

Fabulous post Saleem. Lots to think about. I am printing this post and I am going to examine closely. I will ask myself those questions and ponder your points. Thank you for the chance to grow. I am sure that these are areas that I MUST improve on in 08'.

Stocks100 said...

Hi Doug,

If you follow most of the points in 08....then you will enjoy your trading much much more.

Your STRESS level in trading will go down substantially.....

Hope visitors can take some ideas from that post.

Saleem

Unknown said...

Saleem
Very nice post.
Do you accept interns? I can get groceries for you, mow your lawn or milk the cows if you have any.
Thanks for sharing your wisdom. People learn through their own experience but sometime lighthouses are needed to guide through the treacherous waters and you are one such lighthouse. Your honesty and wisdom is much appreciated.

Stocks100 said...

Hi Arvinder,

Thanks for your appreciation.
Your best wishes is all I need.

Saleem