Blowing away every other question/topic I get emailed about is this one simple question. I get asked about all sorts of companies–largecaps (with people saying “I know you don’t play largecaps, but what about IBM?”), biotechs (”blah blah blah drug looks very promising”), stocks that have gotten wrecked (” down 99% off its highs, think it can comeback, even a litle?”), companies with new technologies (”I know you don’t believe companies, but this blah blah blah technology is revolutionary”), stocks with MACD/RSI/Fibnoacci breakouts, blah blah blah….
Guys, when’s it gonna sink into your little heads that I don’t give a flying f%^& about ANY of the conventional viewpoints out there–fundamentally, technically, short-term, long-term–I don’t care…
You see people who ask me these questions are playing a different game than me. They’re generally watching CNBC for the latest news, relying on “experts” for interesting fundamental stories, scanning God knows how many different technical patterns each and every day, believing a well diversified portfolio–trading and investment–is the safest bet to long-term success. They’re right in that if they stick to their rules, they don’t risk disaster, but the gains are so erratic–remember 90% of traders lose $–that many of these peeps give into their lack of discipline/knowledge and partake in rule-breaking/leverage–ya know, to augment their returns when they KNOW they’re right–and crazy shit happens.
As I preach in my PennyStocking DVD package (learn more and see reviews HERE), I, for the most part, care less about what a company does, their story, their advanced technicals, what the scam artists “experts” say, as all of that IS NOT VERY PREDICTABLE.
Instead, I look for only the most volatile low priced stocks–think gains of 100-400% within a few days, ideally based on hype, ideally looking to short these hard-to-borrow stocks when the hype fades–with the goal of taking positions in 1, 2 positions max at any one time, because while it’s not a scalable, complicated nor risk averse strategy, I’m often right 80-95% of the time.
And since these “ideal” opportunities don’t happen every day, this strategy is ideal for those who wish to trade part-time.
And considering the % returns on smaller accounts–see mine HERE–are ginormous, I believe it’s ideal for smaller traders.
So do me a favor, and unless you’re emailing me about a hyped up/surging low priced stock, I’m not interested. This is my niche, and now that the majority of my income earned/life goal is teaching my niche, I’m not interested in other, less predictable/not-my-game/you-have-no-edge-whatsoever niches.
Gratzie.
