For over 20 years I have been developing and harnessing magnet. I use the word harness because investing in the smaller stocks Magnet identifies can be a wild ride. Because they trade thinner there are more volatile. The volatility provides both opportunity and sometimes indigestion!
Using technical analysis and the tier system I try to use an updated buy/watch list, set alerts, and then use patience and discipline, along with money management, to try to generate outsized profits and cash flow.
A long time ago, Jesse Livermore- one of the most notorious traders ever, said a randomly generated selected portfolio can generate profits if it is handled properly. The right stocks, at the right entry points should be a piece of cake then, right? I wish it was that easy…
The biggest key- control your emotions- keep your losses small- and remember- a few good ideas per year usually make the whole difference…
The fact is profitable investing and trading is hard work…- but I believe it is worth the time and effort to master the skills required.
*DISCLOSURE: Long IDT, CNTF, JVA, MCZ
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer