I have a question if someone has some wisdom for me! I
have been investing a bit with the KISS tables and have had decent
success. I have more money to invest now so want to get more
active with the tables. There are a lot of new long's that
come up. Is there some good criteria people use as to which
ones to take a position in? I can't bite at all of them, and
not sure it should just be random dart throws as to which ones to
take positions on, but maybe random is OK with these since they all
have the smart stops? Thanks for any advice!!
Posted by mastermind on 12th of Jul 2024 at 06:11 am
I take a look at charts as a sanity check. Sometimes new buys
seem extended already or running into some key resistance. After
picking some that seem interesting, I do a quickie fundamental and
technical analysis via IBD ratings and choose a few strong ones
that I would feel comfortable holding for a while. Some days like
today I take none, even though there were several new longs, other
days I might take a handful. I try to diversify in the stronger
sectors so that the stocks I have aren't too strongly
correlated.
Posted by DigiNomad on 11th of Jul 2024 at 09:38 pm
I like this list (at the moment) but you wou
ld get
the harsh buzzer on the "am I diversified?" game
I'm
guessing this list got annihilated today....like every single one
down more than 1% probably. Right?
So
annoying that you can't just drop a list like this into TV and get
a new watchlist...and the hallucination machine that is ChatGPT is
not even close to accurate (screenshot attached)
Posted by DigiNomad on 11th of Jul 2024 at 09:59 pm
ChatGPT on the web couldn't do it, but I was able to get a list
via ChatGPT API in python along with YFinance and a couple other
basic modules. The fast casual stocks split between a
fractional loss and a fractional gain, the rest got
smoked.
People make it way more complicated than it has to be. "If you
can't make money in the most prominent names of the day you won't
make money elsewhere." Said one of the greatest traders ever.
What are they? You know the names. And the BPT basket is a good
place to start. Although I use many of my own systems. You can
trade and work at the same time. I did it for years. Use stops,
stay focused on big and popular stocks and you will do fine.
Posted by kingpin15 on 11th of Jul 2024 at 07:23 pm
if you have a day job, i'd recommend only ETF's to exclude the
company risk.
do you follow trends in the market? (rotation from tech to
healthcare) then focus on the healthcare names when appropriate.
I was all over the $D-$NEE and XLU longs this week as i
expect yields to continue to fall in front of the dovish language
coming on soft inflation and slowing economy.
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I have a question if
Posted by blayden on 11th of Jul 2024 at 06:56 pm
I have a question if someone has some wisdom for me! I have been investing a bit with the KISS tables and have had decent success. I have more money to invest now so want to get more active with the tables. There are a lot of new long's that come up. Is there some good criteria people use as to which ones to take a position in? I can't bite at all of them, and not sure it should just be random dart throws as to which ones to take positions on, but maybe random is OK with these since they all have the smart stops? Thanks for any advice!!
I take a look at
Posted by mastermind on 12th of Jul 2024 at 06:11 am
I take a look at charts as a sanity check. Sometimes new buys seem extended already or running into some key resistance. After picking some that seem interesting, I do a quickie fundamental and technical analysis via IBD ratings and choose a few strong ones that I would feel comfortable holding for a while. Some days like today I take none, even though there were several new longs, other days I might take a handful. I try to diversify in the stronger sectors so that the stocks I have aren't too strongly correlated.
I have followed the CANSLIM
Posted by jonesy85 on 11th of Jul 2024 at 07:54 pm
I have followed the CANSLIM leaders, sso, upro, gbtc and ETHE and made a fortune. Less is better
NVDA, ARM, NTAP, LLY, MSFT,
Posted by jonesy85 on 11th of Jul 2024 at 07:56 pm
NVDA, ARM, NTAP, LLY, MSFT, DELL, ISRG, MU, CRWD, NVO, meta, wing, cava
I like this list (at
Posted by DigiNomad on 11th of Jul 2024 at 09:38 pm
I like this list (at the moment) but you wou ld get the harsh buzzer on the "am I diversified?" game
I'm guessing this list got annihilated today....like every single one down more than 1% probably. Right?
So annoying that you can't just drop a list like this into TV and get a new watchlist...and the hallucination machine that is ChatGPT is not even close to accurate (screenshot attached)
ChatGPT on the web couldn't
Posted by DigiNomad on 11th of Jul 2024 at 09:59 pm
ChatGPT on the web couldn't do it, but I was able to get a list via ChatGPT API in python along with YFinance and a couple other basic modules. The fast casual stocks split between a fractional loss and a fractional gain, the rest got smoked.
Thank you BPT!
Posted by jonesy85 on 11th of Jul 2024 at 07:58 pm
Thank you BPT!
People make it way more
Posted by brophy on 11th of Jul 2024 at 07:27 pm
People make it way more complicated than it has to be. "If you can't make money in the most prominent names of the day you won't make money elsewhere." Said one of the greatest traders ever. What are they? You know the names. And the BPT basket is a good place to start. Although I use many of my own systems. You can trade and work at the same time. I did it for years. Use stops, stay focused on big and popular stocks and you will do fine.
good point, BPT basket it
Posted by kingpin15 on 11th of Jul 2024 at 07:28 pm
good point, BPT basket it all ya need many times.
if you have a day
Posted by kingpin15 on 11th of Jul 2024 at 07:23 pm
if you have a day job, i'd recommend only ETF's to exclude the company risk.
do you follow trends in the market? (rotation from tech to healthcare) then focus on the healthcare names when appropriate. I was all over the $D-$NEE and XLU longs this week as i expect yields to continue to fall in front of the dovish language coming on soft inflation and slowing economy.