A Successful Trading Strategy

  1. 479 Posts.
    ..... used the title to get the those in search of the "perfect system" to read. As we know there ain't NO SUCH THING.

    1) Buy stocks on a yearly high showing a "sustainable" rise and with good fundamentals. It's amazing just how far they can continue to go up. Backtest it ! But don't bother to ask me what a "sustainable rise" is !!!

    2) Have a trailing stop loss.

    ..... Don't be greedy ..... not a rule, just commonsense.

    After years (more than I care to remember !!!) of buying specs, picking bottoms, buying Blue Chips and holding, trying to read charts, doing fundamental research, following tip sheets, and, and, and, .....

    The above 2 rules were the foundation of my transactions over the past year or so .....

    I have posted similar stuff before but I thought it worth sharing as this site appears to have many punters similar to myself.

    I still like a speccy and the odd Blue Chip bottom picking trade tho' ... gotta get outta them bad habits !

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