A nightly routine.

Discussion in 'Trading' started by Brandonf, Jun 9, 2005.

  1. Brandonf

    Brandonf ET Sponsor

    How do you find your stocks? Is there is scanner you use, or do you do it the old fashioned way and flip charts?" Well I think most people get scammed when they come into the markets. They think they can spend a few hours a week and produce stellar results, but nothing could be further from the trust in my own experiance and from what I have seen in others who do well at this. For most of us it probably borders on an unhealthy obsession..it might even cross the border. I work all day every day. My livelyhood depends on outperforming people who are smarter than me, so my only option really is to outwork them. I spend on average 14 to 16 hours a day Sunday through Friday. I take most of the day Saturday off but if I am really working on something then I will do the time Saturday too. I read everything I can get my hands on. Thestreet.com, Marketwatch, Money Magazine, Barrons, Wall Street Journal, Economist, Fortune, IBD. I also watch PBS's Financial Program at night. In the morning before the bell I have Bloomberg TV and also have Bloomberg and Reuters news. I look at these to see what is happening and how its moving stuff. I dont really think I get anything before someone else does, but the reactions can be important. For scanning I mostly do it the old fashion way. I look at every stock in the SP500, 400 and 600 every day. I also have Etables from Investors.com which allows me to look at the New Highs, New America stocks etc etc etc. I use dailygraphs each night to look at stocks. If I find something that interests me I will research it more, looking at the company, its products, its finances, key people etc. Sometimes I will get analysts reports but not too often. I spend too much time on message boards too just seeing what people are thinking and doing. Sunday is really my big day, I tend to spend at least 16 hours, Im usually up until Toni starts screaming at me to come to bed. I probably look at 5000 stocks charts on sunday. I also go over all the 197 IBD subgroup charts to see if there are any I want to really pay attention too. When I find a group that has a nice chart I will look at all the stocks in that group nad try to find some charts I like. Once I find some charts I research the company more to see if I really like it. If I really like it then I have to decide if I want to buy it. All this because I grew up trailer trash poor and wanted to have money when I grew up so I could get girls...and Im still with the girl I was dating when I was a senior in HS...probably because after all these years she is the only one willing to put up with me. Lucky for me she trades as well and is nearly as interested in the market as I am. Anyway, without laying out the entire process, which I wont do, thats the basics..and with that if your the obsessive type you can figure something out that will work for you as well.

  2. da-net


    The Ten Commandments of Leadership that hangs in Mother Theresa's orphanage in India.

    1)..People are illogical, unreasonable and self-centered (including me). Love them anyway.
    2)..If you do good, people will accuse you of selfish, ulterior motives. Do good anyway.
    3)..If you are successful, you win false friends and true enemies. Succeed anyway.
    4)..The good you do today will be forgotten tomorrow. Do good anyway.
    5)..Honesty and frankness make you vulnerable. Be honest and frank anyway.
    6)..The biggest people with the biggest ideas can be shot down by the littlest people with the littlest ideas. Think big anyway.
    7)..People favor underdogs, but follow only top dogs. Fight for a few underdogs anyway.
    8)..What you spend years building may be destroyed overnight. Build anyway.
    9)..People really need help, but may attack you if you do help them. Help them anyway.
    10)..Give the world the best you have and you will get kicked in the teeth. Give the best you have anyway.