'THE 10 BAGGERS'
This post of mine is intended to encourage more meaningful conversations on this board to help all of the Pro Traders become better traders and ultimately produce more profits with 'less work'...by maximizing the potential of the good trades and reducing the number of the bad trades.
In the other post gumzsa you shared that you had probably had the most '10 baggers' in the last 12 months than anyone you knew. This is the area that I want to concentrate on. I think that is what all of us here in Pennyland are trying to spot... but I would go one step further, by saying that I am looking for those 10 baggers that reach a 'leveling' of price and not just a 'blip' of a few days or weeks and then it is back down where it was before... or below.
In order to do this I think it is important to decide what a '10 bagger really is. Is it 10 times the lowest price that is marked as a trade? Is it 10 times the profit of a persons avg price? Is it some other definition?
The reason that definition is so important is that there are many 'alerts' given to companies that have a 'great, new, patented product' with a 'great CEO' and a 'great share structure' that never turns out to be a 10 bagger PROFIT for the trader... for many different reasons.
Example: Someone might alert a 10 avg vol of a stock at say .02 with a great 'DD story', but the price (after a brief 'blip' ...depending on the number of 'followers' or the 'chatter' on IHUB) will continue to fall for weeks or even months to the .00's or the .000's level before a leveling off or the bounce back up. Maybe it never comes back up... they RS because they do not know how to use their resources correctly and fly through money like water. Whatever the reasons, most of the alerts just keep falling for quite some time. So no matter HOW a person defines '10 bagger', you would have to agree ( would think) that THE MOST IMPORTANT thing involved in a trade (besides finding the right trade(s), is the TIMING of entering and exiting the trade. Am I correct in assuming we agree on this? This is what I concentrate a lot of my time on. But, I need help in other areas of trading... especially in Pennyland, where I have chosen to 'practice my trade'.
So this is where I am at now. I am looking for help... and there is no better way to learn than from those that are successful in doing what they do. I know this might be asking a lot from you and I know this is not going to be a 'sprint' conversation, but one that develops over time; so as you can fit it in to your schedule, please post what you can.
There are two things that I am going to ask of you to start out with. There might be a third, but I have not seen you comment on that areas before, so it might be someone else that would be able to help in that area.
First, I would like to ask you to post a list of the last five '10 baggers' that you had. I would like for you to discuss a few things about each so that I can go back and research them and try to 'see' what you were seeing at those times. If you would, please post the trading symbol, the date that you 'alerted' the stock (either just to yourself as you decided do your DD or when you posted it to a forum for others to benefit from). Next, I would like for you to discuss what 'filters' (I do not know what to really call them) you used or 'flagged' your attention. And then when you started to trade them. If you want you can include any times that you 'added' to your position, but that is not really important for my purposes with what I am trying to accomplish for me.
Secondly, in another post I would like for you to go through a list of the 'filters' that you use and how you use them. Maybe give some insight into how they come together to give you the '6th sense' you were speaking about.
I would like to go back to the last 5 '10 baggers' ( and it does not have to be the last 5 if you think others in the past are better in teaching your points). I would like to go through the filters and try to be able to see what you saw so that I might be able to recognize the same things in the future.
This one would be helpful, but completely optional... though very much appreciated. Would you list your top five candidates for the next 10 baggers and discuss what filters you used and what triggered the 6th sense for these? Have you 'alerted' on them and if so when?
The last area (3rd) has to do with reading the financials that are posted. I have not heard you comment on this area in your postings, so I do not know if it is one of your strong points or not. I know the x's and o's, but it is not one of my strong points.
Is there anyone reading this that does do a good job with the financials? I am looking for someone that would be willing to evaluate the financials of a company that I might be researching and post what they see. Again, gumzsa... this might not be your strong point...but again maybe it is.
I know to do this right, it will take a little time and effort on your part, so I do not expect a quick response. But as you have the time, I would appreciate all your willing to give in the above areas.
Oh, by the way, my definition for me of a '10 bagger' is my avg price. It does no good to me if I am in at .02 and it goes to .002 then back up to .02. The stock technically was a 10 bagger, but I just broke even. Someone made some money though.
Thanks for your time. I look forward to where this could lead. Also, if you ever want a technical opinion on a stock, or want me to put one on my watch list for you and say : 'NOW is the time I think this one is ready', feel free I would love to help in any way I can.
SM
PS please excuse any typos.
AI
