Screenshot of one of the 6 portfolios I'm handling.
Percentage profits might seem nice, but when you look at the actual gains you might become dismayed due to the small amounts.
However, look at the portfolio gain. 10% in 2 weeks.
This system is a slow but steady one that allocates smaller positions to reduce risk and, most of all, anxiety. And before I forget, entries and exits were not timed.
Here's a screenshot of another one with an 8.54% portfolio gain.
I never looked at charts during implementation. Imagine if you did...
I've already posted the how-to in my blog.
Part 1: https://goo.gl/2p4ApQ
Part 2: https://goo.gl/2qbH3p
The process is 100% systematic (lookup discretionary vs systematic trading), but this is how I would define it.
Discretionary traders look at chart patterns, breakout systems, divergences, 52 Week highs, etc. When looking through all these charts, do you think you would be able to analyze them without bias? What about entry levels? Where would you look to enter?
"Wait and see first might be a better decision, right? Oh no! it exploded the next day! I knew I should've entered yesterday! Next time, I'm gonna enter if the same pattern occurs.
Oh look! it happened in another stock! ok..I'm gonna buy...
Next day: WHAT?!?!?! Why did the stock drop?!? It made a breakout yesterday and even with volume? Why is this happening?!?"
Something like the above has happened to me countless times. And would've continued to happen if I kept on trying to be a discretionary trader. Just look at what happened to BCOR last week.
Now, if you've been in this game long enough and have the correct mental attitude and discipline like the people from Zeefreaks' tribe, Spyfrat, Boomietrader, and many others, then that is well and good.
BUT, if you don't have this godly level of control and discipline just yet, stick to blue chips while you practice, or better yet, use Investagrams' virtual port while you develop your system.
Caveat and God bless your investments.
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