Priorities In Life:

April 21, 2008

1. Family
2. Surfing
3. Surfing
4. Surfing
5. Going long stocks breaking out to new highs, bouncing off the 50 DMA, from a nice five weeks to seven weeks flat base, cup with handle pattern, double bottom pattern, or saucer pattern with max green BOP the past three to six months, with huge accumulation on the uptrends and extremely quiet volume on the breakouts, when the general market is in an overall uptrend.
6. Surfing
7. Surfing
8. Surfing
9. Surfing
10. Surfing

I hope you all understand how important making money is to me. I would rather be surfing. God bless the United States of America for giving me this wonderful life where if I wanted to I only have to work 2 hours a day 5 days a week 10 hours a week, surf the rest of the time, and make a TON of money. Capitalism is the greatest thing ever!! God bless Capitalism as it is THE ONLY way to take someone who was DIRT POOR like me and help them become wealthy in heart, mind, spirit, and body. This is why I love the stock market and trading stocks but do not love money. Money can never create this kind of happiness. It has to come from something deeper within and around you.

Surfing is my money!

When I am 100 years old I will still be placing buy and sell orders using the CANSLIM system and instead of trying to carve the crap out of the wave, I will be longboarding it toes to the nose from the point to the shore. Hawai’i No Ka Oi!

I make a LOT of money investing in the stock market for a living as I KNOW what the best monster stocks look like when they setup and breakout to go on to their greatest, fastest, and smoothest runs. If you go and review EVERY SINGLE ‘PAST BIG WINNER’ In the new silver longs section, you too will be able to make a LOT of money also.

I still have NO CLUE why some of you trade so much. My favorite long is a stock like IHS. I have been long IHS since 12/21/05 for a 240% gain. However, I prefer an 11 month hold with a 2,000% percent gain. But you need a VICIOUS bear market that is deep or long for those kind of returns. So do NOT expect anything like that during this rally. VIX is at 20 for goodness sakes.

But for those of you daytrading, have you EVER held a monster stock? I don’t think so as NO stock moves up 2,500% in one day. No, you normally are going to need to hold the stock for 10 to 16 months to get those kind of returns. Sometimes you get long-term capital gains also. That sure makes it worth it, if you ask me.

If you are a daytrader and you are getting hot under the collar after reading this, remember…this blog is NOT meant for you! This blog is meant for those that want to live a nice comfortable life by investing in a methodology that allows you to monitor your stock by reviewing it just twice a day (before and after the market action). Jesse Livermore knew how the big money was made and so do I. Do you?

Posted by Joshua Hayes | Filed Under Market Commentary