Comments on: Picks up 11.6% in Q2 http://jubakpicks.com/2009/07/15/picks-up-11-in-q2/ Sun, 14 Mar 2010 03:43:30 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: rustythevibeguy http://jubakpicks.com/2009/07/15/picks-up-11-in-q2/comment-page-1/#comment-105 rustythevibeguy Thu, 23 Jul 2009 14:55:26 +0000 http://jubakpicks.com/?p=297#comment-105 Beginning the first of this year, I abandoned any pretense of being an "investor" and buying and holding stocks. Since January 2, my portfolio is up 40.5% in spite of having a cash position > 50% on average. I simply buy the dips and sell the pops on a number of well known stocks such as NUE, MOS, BTU, and CHK. I use Google Finance to look at price trends, and Fidelity Active Trader Pro as my trading platform (this is an SEP retirement account). I always, always sell when I have a 10% gain, using limits orders. I then enter a limit order to buy when the price drops 10% and then I wait. When I have time, on market "down days" I will look for well-known stocks that are oversold for the day, again using the stock screener of Google Finance. Several times I've seen stocks down 10-15% on the day on just the most minor bad news, and I buy and get a 10% gain in one or two days. I maintain that if you have the time, some experience, and just basic technology available, then you should be trading if you want to make money, especially in the volatile markets we are seeing now. Beginning the first of this year, I abandoned any pretense of being an “investor” and buying and holding stocks. Since January 2, my portfolio is up 40.5% in spite of having a cash position > 50% on average. I simply buy the dips and sell the pops on a number of well known stocks such as NUE, MOS, BTU, and CHK. I use Google Finance to look at price trends, and Fidelity Active Trader Pro as my trading platform (this is an SEP retirement account). I always, always sell when I have a 10% gain, using limits orders. I then enter a limit order to buy when the price drops 10% and then I wait.

When I have time, on market “down days” I will look for well-known stocks that are oversold for the day, again using the stock screener of Google Finance. Several times I’ve seen stocks down 10-15% on the day on just the most minor bad news, and I buy and get a 10% gain in one or two days.

I maintain that if you have the time, some experience, and just basic technology available, then you should be trading if you want to make money, especially in the volatile markets we are seeing now.

]]>