The other thread was getting long winded and also totally derailed. Hopefully this can stay on topic. I discussed his stock picking skills some more with him. Here is what I have gleaned from my buddy. I only post this here because I want it to be technically picked apart. And, for that, I need your help. Here are his rules for picking stocks... 1. It is easier for a stock that is worth $1 to raise to $2 than it is for a stock worth $30 to go to $60. However, either case your money is doubled. Therefore, he said go for cheap stocks. 2. Over a period of time stocks have a normal/avg/typical/historical price that they are traded for (not sure what this means). Research the company and then pick the stock that is trading below its typical/normal/avg/historical value. I need more info on how he chooses his entry point. 3. Put a stop on your stocks. If a stock is worth $10 then put a stop on it for $9. As the stock moves up, then move the stop up. From what I have read, I believe that you guys are pros, I can't believe that this could be that simple. Please help me by critiquing this as much as possible.