Whilst chatting away with Ian Smith (@GrindertraderUK) at the Master Investor Show, somehow we got onto the subject of Level2 and Ian casually slipped into the conversation something along the lines of saying Level2 only gives you pretty much the same timing information that you can get by reading small timeframe Candlesticks - I got the impression 15 minute or 30 minute Candles would do the trick.
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.
THIS IS NOT A TIP. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITES.
I sold off some IGG yesterday - but have kept a chunk in my Income Portfolio as I think it is a great Stock long term but seems Toppy for now and I want to build Cash and reduce my Exposure in the early months of this year as we head towards the uncertain General Election. This period of the Year is always bad and the Election will give the ‘Media’ plenty of time to get the Fear of God into Investors and have them panicking for the Exits.
“Sell in May and go away” and all that………..
Today I want to talk indirectly about Bias. I have named this Blog “Beware of Opinion” and I have planned all along to write about the dangers of ‘Opinion’ but now I have actually started prodding the keyboard, I realise that I am really talking about Bias.
I am not sure where this is going to go. You might think I have a Structure to my Blogs and I guess I do to an extent. But I have been thinking this Blog over for several days and I sat in the Kitchen with a blank sheet of A4 a few minutes ago and I just scribbled down, in no particular order, the points I wanted to cover.
I have been inspired to write this Blog by seeing the sheer volume of information that goes around on Twitter, the Internet in general and via things like email.
Welcome to my Educational Blog Page - I have another 'Stocks & Markets' Blog Page which you can access via a Button on the top of the Homepage.
Please see the Full Range of Book Ideas in Wheelie's Bookshop.