It’s Saturday night and I am in one of those “I must write a blog, but don’t want a difficult one to write” moods - so I will just try and scribble about the methods I use to find Stocks initially, before they go through further Research. I am very much a person who thinks ahead and always want to be on the ball - it stops me feeling stressed and helps me keep nice and calm. Being stressed is bad state for successful Investing. This planning ahead means I always want a good ‘Pipeline’ of Blogs in a pretty good state of Draft, stretching out several weeks. That way, if Life gets in the way, I can still keep a good flow of Blogs for the Website. Whenever I trip over a New Stock that might have potential, I very quickly do a sort of ‘Triage’ on it where I can rule it In or Out for further analysis in probably under 2 minutes. This process will be the subject of another Blog which I have written in Draft and will be out soon. Sources of New Stock Ideas
In a simple, easy to follow, word…….EVERYTHING. If that is too simple, we can do 2 words for people who like complexity - EVERYTHING, EVERYWHERE. It’s like I am Fully Immersed in a World that just throws up Ideas everywhere all the time - you just have to keep your Brain open to whatever might hit you. I am constantly alert and on the hunt for New Stocks - whatever I am exposed to during the day, could present an opportunity. To be precise, the following are probably my most used sources:
Anyway, that’s enough routes to good stocks. A good draft of my ‘Triage’ process has been produced so that should emerge in coming weeks - the next Blogs to appear will be about Leverage and Spreadbetting safely. Til then, adios, wd.
2 Comments
Steve Hollingsworth
10/2/2015 08:40:02 am
Interesting read as usual. Do you ever use the data mining facility, or new highs/ new lows in Sharescope ?
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WheelieDealer
10/2/2015 01:48:28 pm
Hi Steve, thanks for the kind words. I have used ShareScope Data Mining on odd occasions in the past - in practice I find that I always have a Notebook full of possibly great stocks and I tend to want to buy from this list. I did use the Data Mining a lot when first buidling my Income Portfolio where it was great at generating a list of high divvy stocks. I have never used the High/Low screens - to be honest, I have never worked out how to use it !!
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