theblues88
Newbie
- Messages
- 1
- Likes
- 0
I've traded before, lost money... Been deciding if I go back to the stock market but mainly for long term value investing when an obscure book called my attention: the Stock Market Outsider
its strategy is basically:
- Find companies with great fundamentals (if the stock goes down you wouldn't mind holding it indefinitely)
- Wait until a company opens negative (the more negative the better)
- Allocate at max 10% on each stock.
- Buy, then place a sell order with 3% (+costs) profit goal
- Wait indefinitely until profit target is reached.
- rinse and repeat, and reinvest your profits every time.
As crazy as it sounds, it does make a bit of sense. What do you think?
Many thanks.
its strategy is basically:
- Find companies with great fundamentals (if the stock goes down you wouldn't mind holding it indefinitely)
- Wait until a company opens negative (the more negative the better)
- Allocate at max 10% on each stock.
- Buy, then place a sell order with 3% (+costs) profit goal
- Wait indefinitely until profit target is reached.
- rinse and repeat, and reinvest your profits every time.
As crazy as it sounds, it does make a bit of sense. What do you think?
Many thanks.
