At the moment I’m up $22, and if you count the commissions that will be refunded, I’m up $72. It’s a far cry from $2,000,000, but 7.2% ROI isn’t terrible, I guess.
I’ve been re-reading How I Made $2,000,000 In The Stock Market, Nicolas Darvas’ true account of his financial success in the 1950’s. I had forgotten about a few things, for example, buying stocks automatically using a stop limit. Also, following the Dow as an indicator of the overall health of the stock market.
But what I really wanted was a refresher on what exactly I’m looking for in a stock price/volume pattern. And after reading the chapter where he explains his technique, and analyzing charts of some stocks he invested in, I feel more confident that I am on the right track.
Also today, I adjusted some of my sell stop limits. F will stop out at $10.25, CYTX will stop out at $5.50, and PCYC will stop out at $3.25.
Current account value: $1022
Left to go: $1,998,978
No comments:
Post a Comment