MP -- LONG TERM HOLDING - Penny Stocks

mp6140 · Sun, 03-05-2006, 10:44 AM

as much as im a died in the wool daytrader, there are times i deviate from that direction and that time is where my 2 daughters are involved. I guess im as guilty as the next of being putty in their hands, which they know and which i know they know, and they know I know they know --- so it all works out !

so a few years ago I decided that they should have a trust fund, just like all the rich peoples have, and desiring to spoil them rotten, i took a small amount and did just that !

It was to be a buy and hold strategy, as i could not monitor the 28 or so stocks in their account, and daytrade the ones i do now --- not without a few more arms, hands and eyes !

so with a smattering of gold and silver, petro and healthcare, i found UPTRENDING long term stocks, divided up the assets and went ahead with the plan !

THERE WAS ONE PROBLEM --- i didnt have a clue as to how to monitor these stocks and winnow out the bad ones or see where a trend was heading on the good ones !

what everyone usually does is look to the MACD as a guide, and while it is a very good indicator for a longer term strategy, i wanted a "backup" confirming indicator.

mikeys method uses the Fisher Transform (which i use on qt and the daily prophet.net charts) and the fisher is also the basis of one of those high falootin $4000 stock trading systems, so i looked at it once again.

cutting to the chase, after some experimentation, i set it to (9,20) and let er rip. It confirmed the MACD, and provided some extra clues that confirmed the SMA 20 that i use as a yeah/nay indicator also, but while the FISHER confirmed the movements and overall direction of the stock, adding the TRIX at 9,28 and 14,28 solved all the problems. for shorter term charts, i use the 9 and for the longer term charts 3-5 years, i use the 14.

the TRIX shows me, especially by the direction of its signal line, which way the stock is going and the FISHER shows me tops and bottoms of the move !

END OF STORY --- The MACD at 10,30,10, the FISHER TRANSFORM at 9,20, the TRIX at 9,28 or 14,28 and the SMA 20 ---- that, and the addition of a long term chart (3-5 years) with its own LRC, and i was in business ----

if youre interested, try it on for size ---- and where i stay away from bragging, its gone up by. . . . . . . . . . . . . . . . . . nah, think i'll just stay away from bragging !

enjoy and trade well --- the money is the reward of the game, not the game itself !

mp

circlegridder · Sun, 03-05-2006, 11:14 AM

mp you are absolutly right. Money is just how we keep score, and remember we are not playing against each other but against the "Board". It is like golf where each individual is playing against the coarse.

duanermackey · Mon, 03-06-2006, 12:06 PM

If I may be so bold, what companies do you like in the three sectors mentioned?

I now have 2 GRAND-daughters I am looking to help put thru medical school.

They are both facing their 2nd birthday this year....

LOL

Thank you,
Duane

daytrader840 · Thu, 03-09-2006, 07:32 PM

Longtermers are companies with a nice history of raising it's dividend,and also a company that lets u reinvest your dividends,(DRIP)...Usually large cap stocks.While boring to watch,if your diversified enough in companies like this,you will watch your little nest egg start to turn into a nice little chunk of money.One company I have held for many years,13,is AFL,,that exemplifies a buy and hold company for me..Also,Did you know? You can also buy stock from companies straight through the company itself..No broker,just you..Usually you have to pay a 1 time fee,which is small,to start the account..Also you can buy more stock at your leisure,usually a minimum of 50 to 100 dollars to a maximum of over 100,000 dollars.When u receive your statement form the companies they always come with a form to buy,sell, or do whatever you want with your stock,Heres a few companies that do this,,although their are many others,I'm sure theirs a website somewhere for it,,Companies like,,Home Depot,Paychex,Aflac...I'm positive of..Go to a 5 plus year chart on these 3 companies and you'll see what they can do..AFL,PAYX,HD..

Sun, 03-05-2006, 10:44 AM	#1 (permalink)
mp6140 CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005 Posts: 839	MP -- LONG TERM HOLDING as much as im a died in the wool daytrader, there are times i deviate from that direction and that time is where my 2 daughters are involved. I guess im as guilty as the next of being putty in their hands, which they know and which i know they know, and they know I know they know --- so it all works out ! so a few years ago I decided that they should have a trust fund, just like all the rich peoples have, and desiring to spoil them rotten, i took a small amount and did just that ! It was to be a buy and hold strategy, as i could not monitor the 28 or so stocks in their account, and daytrade the ones i do now --- not without a few more arms, hands and eyes ! so with a smattering of gold and silver, petro and healthcare, i found UPTRENDING long term stocks, divided up the assets and went ahead with the plan ! THERE WAS ONE PROBLEM --- i didnt have a clue as to how to monitor these stocks and winnow out the bad ones or see where a trend was heading on the good ones ! what everyone usually does is look to the MACD as a guide, and while it is a very good indicator for a longer term strategy, i wanted a "backup" confirming indicator. mikeys method uses the Fisher Transform (which i use on qt and the daily prophet.net charts) and the fisher is also the basis of one of those high falootin $4000 stock trading systems, so i looked at it once again. cutting to the chase, after some experimentation, i set it to (9,20) and let er rip. It confirmed the MACD, and provided some extra clues that confirmed the SMA 20 that i use as a yeah/nay indicator also, but while the FISHER confirmed the movements and overall direction of the stock, adding the TRIX at 9,28 and 14,28 solved all the problems. for shorter term charts, i use the 9 and for the longer term charts 3-5 years, i use the 14. the TRIX shows me, especially by the direction of its signal line, which way the stock is going and the FISHER shows me tops and bottoms of the move ! END OF STORY --- The MACD at 10,30,10, the FISHER TRANSFORM at 9,20, the TRIX at 9,28 or 14,28 and the SMA 20 ---- that, and the addition of a long term chart (3-5 years) with its own LRC, and i was in business ---- if youre interested, try it on for size ---- and where i stay away from bragging, its gone up by. . . . . . . . . . . . . . . . . . nah, think i'll just stay away from bragging ! enjoy and trade well --- the money is the reward of the game, not the game itself ! mp

Mon, 03-06-2006, 12:06 PM	#3 (permalink)
duanermackey Join Date: Mar 2005 Location: Northwestern Ohio Posts: 2	Holdings? If I may be so bold, what companies do you like in the three sectors mentioned? I now have 2 GRAND-daughters I am looking to help put thru medical school. They are both facing their 2nd birthday this year.... LOL Thank you, Duane

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Sun, 03-05-2006, 11:14 AM	#2 (permalink)
circlegridder Stock Guru Join Date: Jan 2006 Posts: 356	mp you are absolutly right. Money is just how we keep score, and remember we are not playing against each other but against the "Board". It is like golf where each individual is playing against the coarse.

Thu, 03-09-2006, 07:32 PM	#4 (permalink)
daytrader840 Senior Member Join Date: Mar 2005 Posts: 205	Longtermers are companies with a nice history of raising it's dividend,and also a company that lets u reinvest your dividends,(DRIP)...Usually large cap stocks.While boring to watch,if your diversified enough in companies like this,you will watch your little nest egg start to turn into a nice little chunk of money.One company I have held for many years,13,is AFL,,that exemplifies a buy and hold company for me..Also,Did you know? You can also buy stock from companies straight through the company itself..No broker,just you..Usually you have to pay a 1 time fee,which is small,to start the account..Also you can buy more stock at your leisure,usually a minimum of 50 to 100 dollars to a maximum of over 100,000 dollars.When u receive your statement form the companies they always come with a form to buy,sell, or do whatever you want with your stock,Heres a few companies that do this,,although their are many others,I'm sure theirs a website somewhere for it,,Companies like,,Home Depot,Paychex,Aflac...I'm positive of..Go to a 5 plus year chart on these 3 companies and you'll see what they can do..AFL,PAYX,HD..