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10 bagger

02/23/07 9:31 PM

#65859 RE: avandalay05 #65845

OT'avandalay05'

As I have 3 screens in the office at my boatshop I will tell you that having news, streaming trades and positions on 3 different screens is the way to go,, but at home I only need one.. I have my watch and spreads list in a form that allows me to rank by value compaired to price any time I wish.. The Values are the ones I assign and the price to value changes with each tick.. The ones in which I have invested a lot of DD in have a much smaller range in which I think they should be bought while those I piggy back some one's elses I seem to have a buy and sell price with much larger discounts.. If I believe a stock is worth 10.00 and it's my idea and DD I will discount where I would buy it from 10.00.. If it's someone elses idea and they think it is worth 10.00 I probably would discount where I would buy it from 9.00.. On my own ideas I have a goal and generally hold until at least 90% of that goal is met.. On someone elses when 80% of thier goal if I have had no other DD it will be gone.. If the idea is from someone else a 7% loss is my max and it's gone and I self impose a 30 day repurchase rule... I will never ave. down on any idea unless I am building a position and I will never buy more than 20% of the ultimate position in any one day.. I will never sell more than half of any position in any one day,, so there are many small positions that I keep as reminders... Mine is not a science or any secret way of investing,, but it works for me.. I have no shame in following someone's tip or advice but if I do with out my own DD I give that position little room to become a surprise..

A good example is my purchases of DFNS during the past few days be cause of all the great posts on this board... hank