STT Weekend thread 28-29th

Originally posted by mouse ↑

Johnny , early this year i had implemented Free's pilot buy , was just after the Brexit belting i had.. I can tell you now it's one on the best types of buying on stocks i'm unsure about & has saved a ton of cash & headache from going in guns blazing like i normally would..

I had seen AC speak a few times about mid to long holds on stocks that end up 4 bags + , early last year i started implanting just that on few stocks , not to big on positions as it was only a test. I picked MSM GNX & MEB. All 3 where winners with GNX & MEB so far around 70% gain. MSM while i did buy at 6c but latter sold just above 10 , i got back in at 9 to let ride.. Months later end up selling the lot for average 35c. So overall if one had no time during the day to watch screens , polishing up the FA side of things & finding those good stories to play out IMO will work just as good as another strategy.

The few issues i find with type of trading is, 1 the boredom of waiting around but being somewhat of a full time trader keeps me occupied to let them play out. Also Being a trader i feel like i need to trade the swings or up's & downs which then stuffs up everything cos you waiting on momentum to buy back then often end up missing out anyway, to combat this i have account specifically for mid-longs which i don't often watch.

Also, for this type of trading, for me anyway, you need to research you're ars off & also understand where the SP could head too, without knowing a possible value in time for the stock , you very easily end up selling at the wrong time & forget about it.

And lastly the mid to long strategy is a extension of my ST strategy but rather then buying hype i'm trying to pick only ones that leave no doubt in mind that the company can work, sometimes my ST's start to become more of a long as they prove them self & hype turns to real.

I find AC & Pieces ( probably go with Pieces as number 1, sorry AC ) stock picking abilities to be one the best on HC , i look up to both these posters & hope to some day have that same ability.. But right now i'm enjoying this bull market so i've started trading all sorts of things in all shorts of way's & will do so up until around April and re asses from there.

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Well done for the MT trades last year! Hopefully I can capitalise on my research this year.

'The few issues i find with type of trading is, 1 the boredom of waiting around but being somewhat of a full time trader keeps me occupied to let them play out.'

Yeah since this is all new to me I'm still constantly checking my list even if no FA news is due for a month I can't help it looking at the volume and the depths. On weekends I can't wait for it to be Monday again.

I'll wait until my portfolio builds up and I learn the TA before I try ST trades.

Started following you and some others on Twitter and it's a good read (only reason I got it)
It's funny though I'm young and can't use it properly haha.