Yes, say's the longest he holds a stock is 10 days. Never cares about the company or PRs. He only goes off a long enough trading history to analyze in his software (MetaStocks Pro??) I don't know what he trades, but he said the best he's done in one day was $8k. Seems ok to me. He said the way he trades, he wouldn't even look at a stock like Qbid for another year or so. I can see and appreciate his approach, but I can also appreciate the Bill Graham approach of company/managerial research. Since I'm just starting out, maybe I like the excitement of watching the streaming quotes, the analyzing of PRs and the whole speculative nature of it. More like I own part of the company rather than using as a vehicle to make a few bucks. I could imagine later down the line, when I have more money to play with, I'd treat it more like an income/business.
Soooo much to learn, soooo little money. :)
-OB
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