valincarter said: ↑ Yeah you are right, opportunity every minute, ive bad my first multibagger get away from me, low entry left after 1bag and now i feel sick Held onto SRT for ages for little gain Click to expand...
This is why it is so important to have a strategy and everything comes back to individual strategy.... for example I learned over the years that I need only 2 3 successful trades each year with my large holdings and I am fine... Now if cash half of the total gains of my large runners I am done...
The reason I am saying this... I run portfolios side by side... where I trade short term for small gains and short to medium term for relatively larger gains... the portfolio which is short to medium term does heaps better most of the times... that is when I can pick up a trend right and let the runners run...
Now srt - I would have sold as well... but I am buying even I am holding my trading parcels as well though average cost is still below 1c on options but I hold quite a few now.... the reason of buying? Other than being crazy and stupid... I think it's a huge achievement for SRT to hold itself above 2c... and its almost 8 weeks since the acquisition announcement.... and surprisingly SRT announced nothing other than DD being delayed... the stock should be below 2c perhaps 1.5c by now... it's beyond my skills to apprehend the way it's been trading... It tells me only one thing... the stock is bought by those who don't care about the announcement being delayed... they just know that the stock is worth buying at these levels... So I am sticking around... and why not? Stock is trading only 4 ticks below 52 weeks high... and is till up almost 250% since I first spotted it... and after consolidating at these levels for almost 3 months now...
By saying all this... I agree with @Malaga if something does not meet your criteria of holding just sell... I am sure you might still make profit as its trading close to 52 weeks high.. you might be able to buy LOMOB which made malaga 10 bags...
I wish I learn to listen It's just that my eyesight is week and I can't spot fantastic runners so quick lol...
Cheers and all the best Poster: forrestfield. Date:12/03/16 Time:13:16:34 Post #:17258531
valincarter said: ↑ Thanks for taking the time to respond, as always very insightful and informative , and I thank you for that. I'm stuck trying to find a strategy, I have been investing for about 1.5 years now and i have done ok , but at this stage is it luck or skill ? Leaning more to luck if I'm being honest. Started reading guppys book (charting ) but I dont really like his style (too metaphorical ) Anyway enough ranting, other than reading these forums how to people find the 10 baggers early ? How are people scanning for stocks. Have s great weekend guys well done to all traders.
Click to expand...
Anyone who started recently like within 2 years and surviving is doing excellent... and when I say surviving I don't mean being profitable I mean protecting capital only....
however if you are making gains regardless the amount, trust me you are a gun...I am not sure about others but my first 3 years were pretty difficult... even the legend Fibonarchery had tough times early on...
Now how the 10 baggers get spotted... Other than pure luck... I think experience comes in handy... experience to spot the right sector (which is the biggest reality), right people, right stock and patience... patience with both entry and exit...
I also agree @Sector Lead. Our champion leader @Freehold and @Gladiator2 (better than humanly possible accuracy) have put together STT library... it's a place worth visiting... It might help....
Cheers and all the very best
Poster:3500 Date:12/03/16 Time:23:56:04 Post #:17260892
"How do people find the 10 baggers early"
The majority are due to luck coupled with a healthy dose of stubbornness not to be shaken out too early ...
.A large percentage fall down to earth because it was mainly froth. The real calculated/predetermined/stalking ones are rare.
Some reading into William J O'Neil's CAN SLIM methodology may be helpful in identifying future leaders.....
Or those very special breed of stocks. A case study of DMP (among others) illustrates why a pizza operator managed to be a 30 bagger in 10 years.
Date:13/03/16 Time:20:36:33 Post #:17263531 Someone posted how to find a Disallowed... I think there are essentially 2 ways
1. You get lucky like picking a horse in a race cause you like the name of horse or the colour jersey of the jockey. Not repeatable
2. You do a lot of research ... Look for Whats hot right now (Ie Lithium Gold) and trawl through Each stock on the ASX that has this commodity and is sub 2m mcap. Read all you can and be particularly interested in whats upcoming for that company in the next few months announcement wise... Also if A new company makes an announcement like Ton did when Graphite was hot (150m Graphite intersection and open at depth) ...then load up big early then stop buying and it and let her fly...
You may find it life changing.
Poster:gamefisherman Date:14/03/16 Time:05:54:56 Post #:17264541 Hi @valincarter Sometimes during the week I miss some posts in this STT thread so I catch up over the weekend (even if I have to burn a few candles). You will pick up a huge wealth of knowledge here, and to be frank in my experience there are traders/investors at both ends of the spectrum, from those just starting, those whom have been chugging along for a year or two, those whom are in the top 10-20% of traders across the country (literally) and I know this from the STT results
. I have noticed that there is often talk about "10 baggers, multi baggers, couple of baggers, and even handbags G2) I sometimes wonder however how that might affect a member either new or even longer. Sometimes we take onboard others experiences and even expectations that can skew our own set of beliefs and goals. Over the weekend yes there was a fair bit of bag sharing, and anything that returns 100% plus via whatever investment instrument is stunning. I dont know of anywhere else where it is legal that investment returns of this nature can occur regularly. Even those stocks that have been called early in cycle are even more impressive. However there is a trap that I think all STT traders/investors should be aware of.........
and that is having realistic expectations.
Every member here will have different goals/targets and share their results with their mates (gender neutral too by the way!).
In the weekend thread @Simonn in post no:17261022 added "I personally reckon people expect miracles when trying to flick through for 10 baggers ... A one bagger is more than enough if you can hit the right lights and continue with spotting them..." I tend to agree that when there is talk about those 10 baggers, I do wonder what impact that they may have on someone when they are achieving consistent returns of say 25% per annum. In other words I would not benchmark yourself against others amazing results, which is actually easy to do. I should add however that the STT knowledge library is rich with actual teachings from those that are actually walking the talk. I would recommend that you spend time in their soaking up as much as you can. ".....ive had my first multibagger get away from me, low entry left after 1bag and now i feel sick" That is harsh on yourself...What would you say to a trading mate if they achieved a whopping big 100% return on their investment? You should be proud as that is not an easy feet. Keep an eye on the weekly comp posts and results. Read their posts and see what you can find, are there any themes or threads that tend to pop up.
Create a Word Doc of random posts and pics and go over and over and over them. We all learn from looking at pictures so embed the ones you wish to add to your knowledge bank every day. That is what I do and it helps me enormously in my trading. I picked up this idea right here in the STT thread, apologies to those whom I copied the idea from, as I wanted to add your name for acknowledgment, however my present memory cannot recall. Anyway as I mentioned it is something that I do every day. Whether it be overseas market results, a resonating post and subsequent discussion, a chart, a excerpt from a Company Report, the list is endless really.
There is no Holy Grail in terms of finding a trading system to work from. However developing one is not that hard imo. For example a buy trigger will be lodged into the market when a certain stock that trades between 30c - 60c, 1,000,000 MA daily volume, and a cross over of the 12 day MA over the 30 day MA, with the stock above its 15oMA etc. That is just a pure example of the relative ease around creating an initial part of a Trading System. However, here is the kicker.....
it is what is between our ears that ultimately determines success of failure in the market. Trading Psychology or Behavioural Finance is a large topic in-itself, and one that I personally think should get alot more airtime so to speak. So why do people fail in the markets? One of the biggest is that they are unable to control their own emotions. Simple as that, well in reality if only. Some experts believe that the human brain can only cope with 5 NEW pieces of information at a time. This means that if you are trying to manage 5 trades, unless you are working to your pre-planned trade management plan, well what do you think may be the end result?
You dont need to be the smartest cookie on the block to have ongoing success in the markets. What anyone needs for that to happen is a vast array of weapons so to speak. These are located in each of the posts in the STT library. If trading was easy we all would have possibly retired by now, but then again most of us would go bonkers having nothing to stimulate the grey matter for us oldees so to speak. @forrestfield mentioned over the weekend ...."This is why it is so important to have a strategy and everything comes back to individual strategy.... for example I learned over the years that I need only 2 3 successful trades each year with my large holdings and I am fine".. At face value that would seem like a fairly straightforward plan. The trick however is to be patient enough I would guess and saavy enough as well to be able to pick those few trades. Obviously it works, and works extremely well.
Lastly over the weekend you mentioned that "I'm stuck trying to find a strategy, I have been investing for about 1.5 years now and i have done ok , but at this stage is it luck or skill ? Leaning more to luck if I'm being honest.Started reading guppys book (charting ) but I dont really like his style (too metaphorical )Anyway enough ranting, other than reading these forums how to people find the 10 baggers early ? How are people scanning for stocks?" You could write a Thesis on just those points and questions you asked.
Good work reading Guppies Book, even though it wasnt a good fit for you. Be hungry and thirsty for new knowledge. Read and study as much as you can find time within your day. We all learn at different speeds. Cut yourself some slack too. There would be few traders whom in their first 1-2 years of trading began producing "multi-baggers" on a regular basis. That is unrealistic.
All of your questions and comments are great as it clearly says, this is what I have been doing, this is what I want to do, any suggestions as to how I might go about it? @Gladiator2 commented over the weekend to one of your questions......"don't feel bad mate if we can learn from every trade we should be fine by the end. This is a great thread, you will learn lots so stick around and contribute" He is spot on the money.
In summary from reading your posts, it would appear that you are already on the right track.....never lose that thirst and hunger that drives you to keep improving and learn new knowledge. Keep digging. lurking, questioning, thinking, reflecting, and just hanging out here. There are many many people that have some similar traits here. One of them is to help others. You are in the right spot, maybe give yourself a bit more slack. If you want it bad enough it will come, but it is bloody hard work. If you are prepared to make some sacrifices and are eager to achieve, you are already well on your way up that road.
Hope something here resonates for you
PS I apologize if a sentence or something does not make sense, as my eyes are stuffed and I cant go back over my post to vet it. Thats the price I sometimes pay when burning a candle or two.
Time to hit the sack
Best Wishes with your trading
GF
The "ten bagger" was invented by Peter Lynch.He was a value investor who invested in companies that he knew well and were growing.
There are obviously different types of ten baggers.There can be those that are based on a business doing well growing well and increasing profits.Many millionaires were made with something like REA.look at the register and some of the top twenty have not changed for years on REA.Some would have got in on REA when it was a penny dreadful.
There are also ten baggers that can go to no baggers based on speculation such as TON.
The ones I prefer are those that have a business plan to expand exponentially.You do come across them but are rare.
A couple recently that are growing are EGH,MBE as examples which are growing profits.I can see a couple of "potentials" at the moment.
If you work out the returns on the ten baggers the best returns are the quick 3 or 4 bagger and then you take the profit and move onto the next "potential”
