Labor day weekend edition

I doubt almost anyone would not agree with my market strategy of 'buy first based on price action, analyze later'. My strategy is a total change in anyone's thought paradigm that it becomes totally alarming for people to consider. After 30 years in this business, I've come to the conclusion that any upfront analysis of any sort in stock picking is an exercise in futility. Studies have shown  that a   monkey picking stocks randomly from a chart can beat out most guru's and hedge funds managers. I believe Price first then other factors come into play later.  



Our site:  Stock Market trading / live portfolio, beautiful art, beautiful photos, classic cars, top vintage pictures, movie top 10, beautiful towns and of course beautiful ladies

Winning is    ...      finding Momentum , grabbing it, profiting from it, and then releasing it.


 The 'portfolio' will follow 'The daily log'
Daily Log
The Daily Log
 Labor Day Weekend Chatter
One of the best and smartest things one can do with a equity/stock portfolio is to eradicate weakness from the portfolio. A religious person will try to eradicate evil from their lives. A good homeowner will try to eradicate debt from their lives. A good trader/investor will try to eradicate the weak holdings from the portfolio. It's OK to sell losers. It's OK to have a lot of losers. It's OK to have more losers than winners.  The winners will more than offset the losers. Sell the losers and add on to the winners. You are not in a contest to see how many individual winning stocks one has. The objective is to have an overall profitable and winning portfolio. Never forget that! The moment your stock is failing to deliver profits, and you have no  reason to believe its uptrend will continue,  it's time to  sell and look for another opportunity.
In my last 40 closed trades, I had 24 winners and 16 losers yet I have a winning portfolio.
  Hi everybody, I am in the process of transferring funds over to another trading platform. Using my current methodology, I am doing quite a bit of active trading. To lower my commission cost, I am going to a platform where the broker only charges a flat $3.95 per trade. I will keep my current broker for certain transactions such as the free commission trades on a multiple of ETF's and Funds. So for awhile, my portfolio will see a $8.95 cost per transaction and eventually  a $3.95 cost per transaction when I switch over. I also want to 'test' out the new broker platform to see how well it works so again some trans will show $8.95 and others will show eventually  $3.95. However, the new broker allows new clients like myself 100 free commission I will take advantage of this. So shortly, on my portfolio it will be zero cost on some of the trades and 8.95 on others and eventually, hopefully 3.95 per trans ongoing. 
 ... I love to Rob the Estate Sales Blind.
 Well, I got it. Estate sale item. Today was 50% off day and the dining table and chairs were still there. I saw a lesser quality dining table w/8 chairs for $1200. This one here was listed at $950 w/6 chairs. I got it all at 50% off for $475.00. Paying a guy $75.00 to haul it to my booth. I always try to double my money or 100% gain on my purchases. I'll list it at the booth for $1395.00 and come down  to around $1100-1200.
Also bought  a book for $1.00, 'The battle for investment survival' by G M Loeb, 1952. It has some chapters in it  that interest me, 'You can't forecast, but you can make money' and 'Gaining profit by taking losses' and 'the ever-liquid account'.
 My mode of operation is quite different from just about anybody else. I prefer to buy first than analyze. Just about everybody else tells you to analyze then buy. You see, I don't want to be influence by my own or someone's bias or flawed analysis. I prefer to see the evidence, the empirical data if you may, which is price movement. The price of a stock relates to actual fact. Imbedded in the stock price is the 'result' of all the collective reasoning from all sources at that given time. Buy on price movement and sell when it goes down.
 A reader brought to my attention, two stocks with excellent price action, BLOX and JAZZ. I have added them to my watch list.
 I continue to like FENG, FB (facebook) and DATA. I'm likely to add to position on DATA and seriously consider purchasing  FB.
After looking at my transactions for the last  three months, I'm notice that if  I'd followed my own rules more closely I would be even better than I'm doing now. However I now have $10,000 of the house's money in possession which will allow me to be a little more aggressive and tolerant of greater risk/reward. With a lower commission cost basis and actually 100 free commission trades, I'll move in and out quicker than before.   
Questions   to Mo.
"When to sell a stock ? "
The best reason for selling a stock is when it stops going up,  or worse, starts going down. Of course, it's more complicated than that. I have two major rules I try to follow, "Cut your Losses Short" and "Never let a profit turn into a loss". Along those lines, "Don't fight the FED".  By the way, if you sell a stock and get whipsawed, and you still like the stock, you can always buy it back. Another reason to sell is because you find another better opportunity.
"Mo, when a stock goes in the direction I like, what do I do? "
Buy more. The right way to do it is to pyramid. It does well. Buy another lot. Of course, unexpected things could happen. When you think you are overloaded on a stock, take some profit off the table or take profit because there's a better opportunity elsewhere. Many people don't sell for a profit because of tax liability. I get around that by trading in ira tax deferred and tax-exempt accounts.
"Mo, your method of buying first based on price action and analyzing afterwards is quite unorthodox. How do I get started in doing this? "
The way to learn is simply to try it. Try it one stock at a time. Try it first with small positions. You should end up being pleasantly surprised how well you perform.  After awhile you will be able to distinguish between good or poor buying, manipulations, false reactions... in other words you will experience the market and learn from it. Many people trading/investing in the stock market think they are smarter than the 'tape' price. Take advantage of them. Of course, one needs to have ongoing access to the market... that's easy in today's world of mobile devices. You can also follow my live portfolio transaction moves here on this site and on stocktwits. However you eventually want to do it on your own. By the way, I do recommend doing the analysis after you buy which might allow you to consider buying more or moving out of it or give you an idea of when to sell.
 "Mo, I currently have a sizable loss on a stock, when can I do?
Sell the Mother. Accepting a loss is the best thing anyone can do. Selling for a loss is the hardest action for most people to do. Accepting a loss promptly is one of the key factors to be successful. It is a major mistake to even think that what goes down must come back up. Anytime, in your mindset, you tell yourself  'I hope' and 'wait until it comes back to even'... anytime you say that to yourself, you must sell immediately!
: Annualized rate of return calculation. 
It is shown on the first and  last page of the portfolio spreadsheet. It is based on an average portfolio cost basis  of $80,000. More times than not I am below that amount.  My rules as stated at the beginning of our blog site is that I will not have more than $100,000 at risk at any given time and no more than 12 equities in the portfolio.
 My annualized return is based on a 365 year, the formula is provided by Google Drive spreadsheet software.
The rate will be calculated each day after market closing. I might add a second rate of return based on an average equity cost of $85,000 or $90,000 if I start putting more money in at risk. Right now , $80,000 is an average on the high side.

My real account live portfolio (started Mid May 2013) This same portfolio is shown in a larger frame at the end of this posting

Price... follow the Price.. Money does and money flows to where money grows. I don't care about moving averages of any kind or flavor. I have no clue what oversold or overbought means nor do I care. Even volume numbers can be deceptive. I look at Price. Price is the result of the entire spectrum thoughts of those who are buying and selling stocks. Price is true. Price is honest. Price at any given time  provides the result of anyone's and everyone's  analysis, comments, posts, blogs, manipulations, media news, etc etc etc.

I don't have the time or inclination to purchase an entity and see if it's a winner in 5 years. My preference is to find out in 5 minutes. I love to purchase a stock that hits a first time new high, whether  the new high is a 52wk high, a yearly high, an all-time high ..because... the odds are that it's more than likely to continue to hit even more highs. The 'first new high' is likely to be the lowest high.
Are you watching the right stocks ?



...In case you would like to follow our stock trades up to the very minute. I try to 'print' the trade within a minute or seconds on 'Stock Twits' (STOCKTWITS.COM) before I update them on here. You can follow me on stock twits by going to and signing in (it's free). Then follow ROBMARKETBLIND.








Painter/Painting   of the Day


                                                John Robert Peck-Viola

Paintings by PİNO ( Giuseppe Dangelico )
....  noted for his exceptional ability to capture the movements and expressions of his subjects.

PINO - Dreaming Madrid


Raphael Soyer  
Russian-born American painter.. He is identified as a Social Realist because of his interest in men and women viewed in contemporary settings which included the streets, subways, salons and artists' studios of New York City 





Classic Auto of the Day  
Invest in a classic car that is certain to appreciate in value  


If the right car does turn out to be an appreciating asset, any later sale is not subject to capital gains tax.

Thought for the Day


 It's August and it's hot

Anna May Wong - Silent movie star

Famous vintage picture : Jane Russell


That's all Folks  





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