The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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st st st stop repeating yourself la la Lamtree.
Good old Ronnie B...
Enjoy it so much, you posted twice lammers.
Yes AW, add that to my resoltions list too.
Good to see a 1 line post from you there Velo.
Lamtree - geniunely LOL here. Good one! :)
( Concludes . . )
. . . And that's where technical Oversolds come in for me. I know I'm pretty accurate with Oversolds. Instead of calling out BT's Oversolds for fun and posting, I'm going to act on them, log them on here so I can't mislead myself and the results will be public like a kind of open diary - but just BT's Oversolds on here, not other stocks.
- And here we are the first Oversold of the year in BT. As I know the characteristics of BT I'm much happier evaluating opportunities when Oversold conditions expire in BT - as they mostly do behave the same on each occasion and I've checked all back on BT's for 20 years, time and time again.
- But they don't always behave the same on other stocks.
The other trading (not investing) technique that a mate commented on is Profit-warning hit stocks. He said he's noted they behave as I've highlighted, yet you haven't taken any action yourself, so why not just do those?
And he's right. That's it. My big portfolio investing strategy for this year is the CANSLIM investing method and will close my eyes as usually you're buying at all time highs, something we PI's are genetically biased against doing
- and for sheer trading fun - dipping into Oversolds (trading) and occasionally, Profit Warning hit shares (trading again) - both of which I have rules, the latter of which I have collected oodles and oodles of past data on, from academic researchers papers.
Oversolds, there is a technique so instead of just posting on them, I'm going to attempt profiting from them, first up of the year is BT.
From experience I know to never 'gamble' buying a stock just weeks or days before a trading update, so if the SP lifts out of oversold before Thursday I have to have iron discipline and refrain buying before Thursday if the technical Oversold signal should lift before then. But the Oversold in the SP lifting, is the decider. Can't move a muscle beforehand. Gut feelings are for others. No thinking and second guessing involved. I have rules on all 3 methods.
"Rules based" systems is my method on all, and forever.
What's yours? :)
(Did you) Or am I the only one, who at the end of 2019 took a long, hard, brutally HONEST look in the mirror at their own performance and reviewed their investing strategy/ies from top to bottom?
Sure I've had (several) double-bubblers and some have more than doubled. But I've also held on to some right stinkers; some of which are still sending an aromatic toxic pong of a shadow over my portfolios. Cashed in the double-bubblers only to see almost all of them continue north on their merry way. But the stinkers? Pfftt! You'd think upon seeing them that: 'This guy thinks those are keepers'. They're on my to-do list of taking the hits, yet it's nearly February already.
But in the meantime instead of trying to be a half decent investor I've decided on what's under my nose (Systems the world famous guru billionaires have made wealth from - and at least devote a substantial portion of my portfolios to those who have and still do have a winning system/strategy. Who here, for instance claims their own personal system is superior to Buffett's?
Trouble is, the one book I love reading most, is the one I find most difficult to emulate. But my unremarkable OVERALL performance commands me as a New Year resolution to try that methodology.
All 2019 I ran dummy portfolios on the CANSLIM system by Bill O'Neill (USA).
- The result is 35% up for the stocks I selected by the screen of stocks thrown up under that system. My own actual stock holdings performance for the year? Well knock off the first digit off the 35% gain in CANSLIM and you're roughly in the ball park of my 2019 annual performance area.
Nearly the end of January and I've dithered as I "wait" for the worst worldwide stock market crash since 1929 to commence (have a shorting plan for when it strikes). But, growing old and grey-er, waiting :)
Also I discovered someone (dodgy) in the US who's reeling in $70m a year in fees for signing up subscribers to his system so looked at his ads - and knock me over, he's using my fav TA indicators and chart patterns.
Where I think: "well from personal experience I know it only works 80% of the time"
- he takes the rough with the smooth - cuts losers v fast, and has made a packet with the winners. ie., Oversolds, breakouts, and pennant flags. That's it. But his big money-shot is Oversolds which he calls the Fish Hook as if he invented it LOL! The breakout he calls the Rocket. Why invent new names?
Only thing is, he appears to be 'front running' his system for those subscribers unwilling to choose their own stocks and instead pay him to choose them, so he's buying before recommending and selling before telling.
And that's where technical Oversolds come in for me. I know I'm pretty accurate with Oversolds. Instead of calling out BT's Oversolds for fun and posting, I'm going to act on them, log them on here so I can't mislead myself and the results will be public like a kind of open diary - but just BT's Oversolds on here, not other stocks.