Choosing stocks to buy

[rhgo]

I have picked stocks in the past using charts,tech analysis,earnings,indicators,etc with mixed results.
I signed up with TI to have them/Sol do the heavy lifting for me.
I still need to choose which stocks to purchase from a list.I am aware of primary vs. secondary candidates,trend vs more aggressive portfolio and green vs. red stocks.
There were 10 green stocks under the primary candidate section in the June 3rd newsletter.How would one go about selecting stocks from this list?
Thanks for your answers.

[SOL]

I have picked stocks in the past using charts,tech analysis,earnings,indicators,etc with mixed results.
I signed up with TI to have them/Sol do the heavy lifting for me.
I still need to choose which stocks to purchase from a list.I am aware of primary vs. secondary candidates,trend vs more aggressive portfolio and green vs. red stocks.
There were 10 green stocks under the primary candidate section in the June 3rd newsletter.How would one go about selecting stocks from this list?
Thanks for your answers.

All the stocks listed under a given category go through the same screening process. For example, primary candidates under the Trend portfolio are all screened in the same manner. One suggestion is to start off with plays that appeal to you and then as you start to get a feel for things you can up the ante.

However, let's what strategies other Tactical Investors employ.

[AstuteShift]

You can’t go wrong with the green MU plays

If you’re just starting out, I suggest just picking 5 stocks from that category and 1 from the higher risk category

The most important thing is to never risk too much into one play and deploy capital into 3 lots. Money management is super crucial in this game of trading and key to long term success

Also, read the MP books by Charles Mackey and the stock operator book. Very crucial for a rookie

[rhgo]

Thanks for your replies.
If I'm delegating the stock picking to Sol,just pick any of the stocks randomly from the categories described(greens)?How would you choose one over another?I figure if Sol recommends them,choosing any of them should work.

[stefk]

My personal method, I think it is not rational, but it is based on my experience with TI, I focus on small caps. I already made a lot of money with small caps selected by Sol. Sometimes I invest in big caps like alphabet, but my attention is always on small caps. This year i missed RFIL, and i see this puppy flying without me, its too unfair....

[Budge]

Thanks for your replies.
If I'm delegating the stock picking to Sol,just pick any of the stocks randomly from the categories described(greens)?How would you choose one over another?I figure if Sol recommends them,choosing any of them should work.

To be honest, I don't bother if the stock is green, red or whatever. I have spreadsheets for each category (Trend, Moderate-High Risk, ETF, AI etc) and when a stock's low is less than 10% from the purchase price I enter a GTC limit order. (I have a hefty cash position that lets me do that.) Unless you are in a major market drawdown, many of those positions will not be filled.

I do keep track of how each portfolio performs and, so far, the Moderate-High Risk has been the best performer for me and within that portfolio the best stock has been Tilray/Aphria - a brick red, secondary stock. You can never tell.

[Budge]

My personal method, I think it is not rational, but it is based on my experience with TI, I focus on small caps. I already made a lot of money with small caps selected by Sol. Sometimes I invest in big caps like alphabet, but my attention is always on small caps. This year i missed RFIL, and i see this puppy flying without me, its too unfair....

You must be loving the inclusion of some penny stocks in the Rev Tech section of Trend Blazer?

[stefk]

My personal method, I think it is not rational, but it is based on my experience with TI, I focus on small caps. I already made a lot of money with small caps selected by Sol. Sometimes I invest in big caps like alphabet, but my attention is always on small caps. This year i missed RFIL, and i see this puppy flying without me, its too unfair....

You must be loving the inclusion of some penny stocks in the Rev Tech section of Trend Blazer?

trend blazer, I have read its for options players, and I dont play with options.

[Budge]

My personal method, I think it is not rational, but it is based on my experience with TI, I focus on small caps. I already made a lot of money with small caps selected by Sol. Sometimes I invest in big caps like alphabet, but my attention is always on small caps. This year i missed RFIL, and i see this puppy flying without me, its too unfair....

You must be loving the inclusion of some penny stocks in the Rev Tech section of Trend Blazer?

trend blazer, I have read its for options players, and I dont play with options.

Two sections of Trend Blazer are, but the new, third section is Revolution Tech and it is in the usual format (as usual as a Revolution can be) and a couple of plays are penny stocks.

[stefk]

Two sections of Trend Blazer are, but the new, third section is Revolution Tech and it is in the usual format (as usual as a Revolution can be) and a couple of plays are penny stocks.

Wel, it makes me want to try.

[Centeron631]

Budge could U please clarify on this statement as im not sure exactly what u mean here eg. what purchase price (since not purchased yet) and is that 10 % point below or 10 % above eg. last trade price ? r u paying up to < 10% more than Sol's highest purchase prices range - what happens if it is trading lower than Sol's range or within Sol's range? thks ur method just sounded interesting but i at least was a bit confused and have appreciated ur other opinions.

"To be honest, I don't bother if the stock is green, red or whatever. I have spreadsheets for each category (Trend, Moderate-High Risk, ETF, AI etc) and when a stock's low is less than 10% from the purchase price I enter a GTC limit order. (I have a hefty cash position that lets me do that.) Unless you are in a major market drawdown, many of those positions will not be filled."

[Centeron631]

to Sol or someone else who knows answer

Would be interested to know in general what Sol sees when categorizes stocks low risk, moderate risk, high risk to make that decision. eg. a recent reco on Coupa a fairly hi capital over 11 billion and hi trading price over 200's is categrized as a Red buy (perhaps a riskier sector? but just one example not answering the general questions) (actually have a call option oreder to buy it as my level 1 money is drying up but may cancel as a Red on Red because all options pretty well Red) and waiting for the day when sells start to outweigh the buys considerably as the buys do now and wondering if the the portfolio ever catches up to balance buys and sells over the long term as it would take a humongous number of sells to ever do that, as ive been around for about one year only)

[Budge]

Budge could U please clarify on this statement as im not sure exactly what u mean here eg. what purchase price (since not purchased yet) and is that 10 % point below or 10 % above eg. last trade price ? r u paying up to < 10% more than Sol's highest purchase prices range - what happens if it is trading lower than Sol's range or within Sol's range? thks ur method just sounded interesting but i at least was a bit confused and have appreciated ur other opinions.

"To be honest, I don't bother if the stock is green, red or whatever. I have spreadsheets for each category (Trend, Moderate-High Risk, ETF, AI etc) and when a stock's low is less than 10% from the purchase price I enter a GTC limit order. (I have a hefty cash position that lets me do that.) Unless you are in a major market drawdown, many of those positions will not be filled."

Sorry, I just saw your question. My spreadsheet has the high purchase price issued by Sol set against the low of the day for that stock. When the stock's low price gets within 10% of Sol's higher buy price, I enter a limit buy order at Sol's number.

For example: if Sol recommends a stock with the upper buy price of say $100, I will enter a Good til Canceled buy order when its low breaks below $110 (100x1.1). If the stock starts moving up without hitting the buy price (say it moves 15%-20% above Sol's buy number), I'll cancel the order. You don't want to load up on too many GTC buy orders because that limits the cash you have available to trade.

[Centeron631]

thks Budge i see ur method to not clog up ur orders section with too many orders, and then still have them in spreadsheet so u can bring back again if < 10% of above Sol hi buy price -good idea and makes lot of sense.
Ive switched to 2 altert systems in one of my 2 online Canadian brokers and put all of Sol's buys usually at his hi for buys in there (unless im shy on $ or having that feeling im owning too many stocks (around 140 in 5 portfolio accts)) entering them directly from the MU on one Alert and Ai updates on orhter Alert system - the beauty it gives me a second chance to think over (sometime delay tho can work against me) - the big advantage at this broker and why it works is imo - they allow one to write notes on each reminder so i can put key info from the updates in there including the range and rating on the stock etc. I divide the screens in halfs so i have both the update and the alert system side by side to make my entries quickly.

[Centeron631]

Never did get an answer to my question of methods/criteria Sol uses to categorize his risk choices and still hope for a reply from Sol or some other in the know.

Also if one is just buying level 2 or level 3 orders and almost always at lower prices (altho recent exception was WDAy at higher price) skipping level 1 for one reason or another, is not one increasing one's odds of success?