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
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
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