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Re: fishhunter post# 53047

Wednesday, 04/12/2023 11:04:33 AM

Wednesday, April 12, 2023 11:04:33 AM

Post# of 53738
Thanks, I'll check them out. Looks like they would be decent stocks to trade, especially GLT.

I know there are good fundamentalist traders/investors, it seems likely you are one of them. I just got tired of beating my head against the wall on all these stocks about what the valuation should be, just like many of you have done on here. Why is xyz stock trading at a P/E of 8 for 5 years? and then my money is tied up in it for so long just waiting for the market to value it at P/E of 15, and then every 3 months when a quarterly/annual report comes out, trying to revalue the company. To be sure, there are many good stock plays that can be 100 baggers and make you a ton. But i've found those are just so difficult to find and actually hold for the 10-20 years it takes (psychologically). I mean, Virtra is actually a 100 bagger, it was trading at 4 cents back in 2008. But we all know what Virtra looked like in 2008, it was probably 80% more likely to go bankrupt than become a 100 bagger. Anyway I found it appeals to my brain more to play the psychological, shorter term ups and downs in the major indexes/sectors, where I can use simple indicators that are very logical and give me a very simple buy/sell signal, taking out any guesswork or company research (since this is a side hustle, not my job, so i don't have hours upon hours for research time). That also eliminated my individual stock risk. But, that also means i generally score wins and losses of 1-10%, rather than multi-bagger stock picks. But I'm ok with that.
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