This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
After a long haitus, several REITS have begun to appear on my radar screen. The REITS that I have selected to list seem to be putting in a bottom on their chart patterns. Here is the list. I will try to post a few charts of some of the REITS as well.
REITS: AMB, BMR, CT, DDR, ENN, FRT, HCN, KIM, LTC, LHO, MPW, NNN, NHP, PLD, O, BFS, TCO, VTR
posted by Nick M. @ 10:48 AM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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2 Comments:
NAK is looking good.
Nick I have a Q for you, b4 that here is my story....
I have masters degree in Engg, and worked hard for my thesis and it got patented.. that was one of my proudest moments even though the university owns the patent and gets all the royalty (All I got was a thank you ).. I realized rather foolishly off late, that in real world all that matters is MONEY. ! So started studying macro economics to understand flow of the money. Anyway, with out boring you further,
I have a feeling that it is going to be a great bull market for next 10-15 months... at-least until elections.. of course all smart pants know that this is all to mask the inflation for political reasons.. but in any case it is the time to make money for our own benefit, to save our purchasing power against dollar that is ridiculously plummeting heads down. I think there will me good num of stocks that move unusually high (10% a day etc.. ) for next few months .. N here is my question, Hoping that the bull market continues and stock market is all honky-dory, trusting chart-based dynamics, if put some bucks and trade couple of stocks every week (just ride the wave for 10% or so appreciation and getting off and find another wave to move up ), from you experience, do you think it is a valid approach. Is it realistic to make 10% every-week on couple of trades? I understand the risk but wondering abt the chances of reward ?
Raj,
It is possible. It all depends on how much working capital you put in each trade. It also depends on finding the stocks that have the ability to move 10% in a week. You have two conditions that effect a stocks price and its ability to make an upwards move. First condition is the overall market. If it is favorable, then you have a higher chance that a particular stock will rise (3 out of 4 stocks follow the overall market trend, so the odds are in your favor.) Then the second condition is the individual stocks behavior. This can be assessed by reading a chart and searching for strong, positive price and volume action. The approach in finding these stocks may varie. Will you be hunting stocks that are breaking out on positive earnings, chart patterns, making new 52wk highs? What will be the stocks catalyst?
Now here is the kicker. Some of the best (past) stock traders would argue that it would not be wise to abandon a stock position that has netted you 10%. Why let go of something working in your favor? For instance, if I sold APPY soon after I netted 10%, I would have missed out on position that would net me a 60% profit, all of which I have continued to add to. Your idea is a fine one and it can work if you stick to it and stay discliplined to it. My technique is a bit different. I usually hold onto stocks making such moves and add to them if they continue to improve. If I am up 10% and I notice the chart is begining to worsen, then and only then would I sell and take a profit. If I notice that the chart is still good, why would I sell and waste my time to find another stock which will still have to prove itself and may possibly hit me with a loss?
The only problem with the 10% a week approach is that it forces you to try and catch and find stocks to force out the 10% for the week. What if conditions are unfavorable and are on the brink of deteriorating? You have to consider that on some weeks there may not be any good stocks that have the potential to make you that 10% for the week. Also, what about a stop-loss strategy? At what point would you get rid of the stock if it is not working out? This is also an important question that you must answer in order to make your strategy work.
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