Just A Simple Reminder About What I Do, While I Am Violently Ill
April 8, 2008
It is a deader than dead market today and so far looks to be lowest volume of the year. So I guess I will use this time to let the newbies and unbelievers know that what I do for a living and how I find my biggest winners in the stock market is not based on my opinions or others opinions. It is based on facts and history. In fact, I am not sure how long IBD has been running this above their 20 rules for investment success but I just recently noticed it and wanted to post it here. Remember, when you go over all of my ‘past big winners’ and see the % returns in my commentary post at mauitrader.blogspot.com (2005-2007) and BWT (2007-now), that I am simply using history as my guide to the future based on nothing but factual research. I don’t like my opinions and I don’t like others opinions when it comes to the stock market. When it comes to sports or politics, FINE! But if you are not using some sort of methodology similar to CANSLIM, you are only preventing yourself from becoming a true professional. Remember:
These rules aren’t based on our personal opinion or those of Wall Street’s experts. IBD built detailed models of all the most successful stocks every year from 1880 to 2005. We analyzed their common characteristics, what factors existed before these very best companies had huge advances and how these factors changed when the stocks topped. So these rules represent how the market actually works. If you ignore them and rely instead on personal opinions, feelings or emotions, you are potentially arguing with how the market has functioned for over 120 years (IBD has 50 but OBVIOUSLY that is not right) and you will likely make more costly mistakes.
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