Fallondpicks

If, like me, you are not flush with cash to trade, I keep a Roth IRA which I use to snail-trade to wealth.  This account uses a small amount of cash allocated monthly from salary - along with blog income from Google Adsense - to invest gradually in dividend income stocks.  The reality is most people I have met through the years don't have the level of capital to trade successfully and would be better off using tax-efficient accounts, such as a Roth IRA, to accumulate wealth.  Invest4Success  is a Stocktwits Premium room that tracks the monthly investments I make into my Roth IRA. It's a back-to-basics approach that uses well-established names, a buy-and-hold strategy, and dividend re-investment to build value.  Eventually, I will use covered calls to generate additional income, but this is probably a year away.  If you are interested, it costs $249 a year, but you can get a 50% discount ($125/year) and a 14-day free trial with coupon code  fallondpicks. What is Invest4Success?

General Investment: Start with “Reminiscences of a Stock Operator”; paperback runs under $20 but the Kindle edition is selling for less than $2! It was first published in 1923 but it’s a good introduction to market psychology https://amzn.to/2FN1IAT Investors.com has a good newspaper for stock ideas (excluding the Editorials) which is supported by two books, “How to Make Money in Stocks” and “Become a Successful Investor”. The books run for under $20 on Kindle and are available here: https://amzn.to/2U6n2KE . If you want hard copies, then “Become a Successful Investor” should be bought first: https://amzn.to/2HOBujJ , then “How to Make Money in Stocks”: https://amzn.to/2UnN6Ab .   These books give a good introduction to the CANSLIM method, mixing fundamental and technical ideas and each book can be found for around $15 each, so they won’t break the bank. Technical Analysis I’m a big fan of John Murphy’s clear and concise writing. His book, “Technical Analysis of Fina

Qualified with a B.A. (Mod) Natural Sciences II-I; Zoology - Parasitology, Ph.D. Nematology.  Currently employed as a Dashboard Solutions Specialist, UI and UX Developer, Dashboard client solutions, training and documentation for Kx Systems .    Seventeen-year experience as a Market Technician across financial markets; completed all three examinations towards CMT designation (final sponsorship required).  Financial Blogger ; featured on Forbes Best-of-Web & Top-20 Blogger by Instantbull.com and Finviz.com. Blog published daily, and receives a total of 11,000 Visits (15,000 Pageviews) from 5,000 Traders every month.  @fallondpicks is Stocktwits Recommended ; followed by 57,000 Traders with an additional 1,900 followers on Twitter.  Former contributor to the Motley Fool . Current contributor to Seeking Alpha .  Qualified Zoologist / Parasitologist / Nematologist . Research in sustainable methods for control of plant-parasitic nematodes and invasive insect species using an

I have been trading with eToro for the last 3 years and have found eToro to be great way to scratch the trading itch without having to risk large amounts of capital - thanks to its finely-tuned trade ticket.  Details on how best to get the most out of eToro trade ticket I have outlined below.  At the end of this article I have included a list of (low-key) performers on eToro you should consider following or copying. You can start by registering with eToro. I recommend starting with the minimum deposit of $200 and using the 1% risk rule of available capital;  this means if your starting capital is $200, then your first trade will risk $2. So in risking $2, what is the initial position size to use? The eToro Trade ticket will default to a standard $25 lot, with a 50%(!) stop, usually on x100 leverage. You will not want to enter your first trade this way . First thing will be to change the leverage to x1, then change your stop loss to $1 just to avoid any errors. The short video (n

I keep a running track of my breakout scan as a delicious bookmark list . You can take this list as a feed, directly follow it on delicious, or follow me on Twitter or Stocktwits  to get the stocks as they are posted. I also maintain a  tumblr  featuring some of the charts of stocks on the list. The list is a watchlist of opportunity for stocks making new highs on volume.  It's not meant as a direct 'buy' list, although some stocks may feature which offer low enough risk opportunity, to take the leap on the next open (at the right price).  I like to look back at stocks which triggered 2-3 weeks ago. I'm looking for stocks which have retained the bulk of their gains, but where the volatility has dropped - facilitating a low risk entry.  I also like stocks that don't violate the breakout gap (if any).  For example: If we take the stocks which featured between Nov 13th - 20th we have the following list: Nov 13 : M, PEGA, ELOS, TPH Nov 15 : GIB, C

I have this as a holding page until I figure out what to do. In the meantime, visit my blog at markets.fallondpicks.com