Sunday, September 2, 2007

First Post

I am a part time investor, who has spent some years in the market but in total not much, reason being that I have a day job which I love so much that it takes up most of my time and energy. But markets fascinate me and I invest on the side, and tinker with various trading systems and investment philosophies whenever time permits.

Talking about investment philosophies, some blogs (or bloggers rather) that I really admire are :
  • Stockcoach (Microcap Value Investing - He is the boss in his area of investment philosophy, his success is amazing, I salute him, too bad he had to stop blogging, I wish him the very best in his current endeavour. But I would suggest to people new to investing not to try to emulate his methods because it is not simple, it is simple to stockcoach because as I said, he is the boss!)
  • Stockbee (Momentum Investing - Very simple and no-nonsense methods, I would suggest all people new to investing to go through his site and investment methods, you will learn a lot. The blogger, Pradeep, is from my country so you might say I am being biased towards him :) but you take a look and decide)
  • Alpha Trends (Very High Quality Technical Analysis based swing trading. Again people new to investing, great place to learn if you are technically inclined, very simple yet powerful methods.)

I will talk about these blogs in more detail in later posts, and also a quick mention that there are other excellent investors/traders/bloggers out there, either I do not know them or have not followed them extensively to form any proper opinion, so please excuse my ignorance if you are not in the list above.

When I ask "people new to investing" to check these blogs, I do not mean experienced and successful traders/investors should not regularly visit these blogs, all of us can learn something from them. But when I was new to investing, I wish I had access to such great investing minds. I did the works - microcap, otcbb, value, growth, technical, fundamental and what not - without particularly knowing what I was doing and how to do it - only thing I knew is that I wanted to make some fast bucks :)

Talking of Apha Trends and technical analysis, sometime back I had more time in hand and also got a few hours during the day when I could watch the markets quite frequently. So, I tried my hand at technical analysis based trading - patterns and support-resistance and all that stuff, with decent success.

I had created a database where I would load nightly stock information (freely available data) and run some SQL queries to identify patterns like bull/bear flags, wedges, pennants and the likes. Now, I do not have time for those, but I plan to run my queries every night and post the potential candidates, so someone else might benefit from my excellent SQL query writing skills :)

So, you would ask what is my investment philosophy currently? Simple answer - EPS Growth based momentum investing. Simple, easy to identify. The difficult part is when to buy, when to sell and how to manage stops - that decides how much money you will actually make!

More later! Adios!

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