One Liners
Stockscores.com Perspectives for the week ending September 11, 2010
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In this week's issue:
This may be a short commentary for the newsletter but I think it will have a lot of value for all traders. Print it out and read it often.
1. Buying a weak stock is like betting on a slow horse. It is foolish.
2. Stocks are only cheap if they are going higher after you buy them.
3. Never trust a person more than the market. People lie, the market does not.
4. Controlling losers is a must; let your winners run out of control.
5. Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience.
6. Have loyalty to your family, your dog, your team. Have no loyalty to your stocks.
7. Emotional traders want to give the disciplined their money.
8. Trends have counter trends to shake the weak hands out of the market.
9. The market is usually efficient and cannot be beat. Exploit inefficiencies.
10. To beat the market, you must have an edge.
11. Being wrong is a necessary part of trading profitably. Admit when you are wrong.
12. If you do what everyone is doing you will be average, so goes the definition.
13. Information is only valuable if no one knows about it.
14. Lower your risk till you sleep like a baby.
15. There is always a reason why stocks go up or down, we usually only learn the reason when it is too late.
16. Trades that make a lot of intellectual sense are likely to be losers.
17. You do not have to be right more than you are wrong to make money in the market.
18. Don't worry about the trades that you miss, there will always be another.
19. Fear is more powerful than greed and so down trends are sharper than up trends.
20. Analyze the people, not the stock.
21. Trading is a dictators game; you cannot trade by committee.
22. The best traders are the ones who do not care about the money.
23. Do not think you are smarter than the market, you are not.
24. For most traders, profits are short term loans from the market.
25. The stock market cannot be predicted, we can only play the probabilities.
26. The farther price is from a linear trend, the more likely it is to correct.
27. Learn from your losses, you paid for them.
28. The market is cruel, it gives the test first and the lesson afterward.
29. Trading is simple but it is not easy.
30. The easiest time to make money is when there is a trend.Back To Top
There are a lot of preset strategies built in to the Stockscores Market Scan tool that I use daily to find trading opportunities. Stockscores Simple, Bottom Fishing, Abnormal Activity Up and Abnormal Activity Down are my favorites for finding position trades. These are all included with an Advanced membership.
Here are a couple of stocks that I uncovered recently using some of the scans.Back To Top
1. RIG
I found RIG using the Bottom Fishing Scan, it has been bottoming for three months and building rising bottoms, a sign of optimism. On Friday, the stock broke through resistance and the stock traded higher volume than normal. It looks like the stock may start to recover back some of its lost value from the BP oil spill. Support at $52.50.
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2. T.DWI
I featured this stock in the daily edition of the newsletter on Thursday at $7.19 with a real time alert. The stock has risen since but I think the chart still has enough potential to warrant consideration here. Support at $6.60. This stock also trades in the US with the symbol DRWI.
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References
Get the Stockscore on any of over 20,000 North American stocks.
Background on the theories used by Stockscores.
Strategies that can help you find new opportunities.
Scan the market using extensive filter criteria.
Build a portfolio of stocks and view a slide show of their charts.
See which sectors are leading the market, and their components.
Disclaimer
This is not an investment advisory, and should not be used to make
investment decisions. Information in Stockscores Perspectives is often
opinionated and should be considered for information purposes only. No
stock exchange anywhere has approved or disapproved of the information
contained herein. There is no express or implied solicitation to buy or
sell securities. The writers and editors of Perspectives may have positions
in the stocks discussed above and may trade in the stocks mentioned. Don't
consider buying or selling any stock without conducting your own due diligence.
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