PLEASE READ: just a suggestion: chart if u do start a new portfolio or just stay w this one i was thinking about adding a simple rating to your picks based on risk, or how strongly you feel about that particular stock.
For example: Ive noticed you've already tried to do this in some of your emails when you put out a strongly recommend like on FESI, but there must be others that are good as far as chart set-up but involve a greater degree of risk, and or doubt in your mind either based on fundamental or just your level of confidence. When AAPl was recommended here, just by the nature and fundamentals of the stock; could not be nearly as high a risk as FRGY, though we could have made significant money on each trade if traded properly.
Also an advantage i see to this would be that newbies wont get as mad at you begging for your exit point, granted they wont make as much either but will have the option to only buy the safer/stronger rated picks!
Finally just as an example looking over some of the moves from the last six months, your email could list AAPL(***) three star as a high confidence low risk stock, and FRGY as (*) if you wanted to specify as a high/mid confidence, higher risk pick. i feel like though it is their sole responsibility, many newbies, like a buddy of mine who also trades here, risk too high a percentage of their portfolios cause all they look at is the amount of shares your buying vs how its weighted to WU's overall ration in the portfolio.
I am up to $6,250 on a $5,000 initial investment with WU starting in June '08', but feel i would be down had i not had my previous five years of trading experience to fall back on. I hope this does not offend any here and hope chart would would strongly consider this or your own version of my idea. In the end having more traders, newbies or otherwise, can only HELP the success of this team. - con
