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Tuesday, April 9, 2019 Invest4Success What is Invest4Success? Invest4Success is my premium Stocktwits Room for select members from my 55,000 followers. The aim of the room is to provide practical information of potential trades (breakout and #sectorbreadth ) from my free Stocktwits feed . Paid subscribers get access to this spreadsheet which has a summary of all featured trades. I post a subset of the featured stocks in a free-for-all Stocktwits room here . So how does it work? With experience I have found it's best to limit the number of active trades. So at any one time I will not cover more than 10 stocks. In any given week, there will probably be one or two new stocks for new members to follow, trade and invest. For each trade I will offer a sample number of shares to buy depending on your account size; this factors a sustainable risk metric to prevent you from burning your account to zero. When to Buy? Below is a sample post from the Stocktwits room: . Charts are reviewed regularly and updates posted to the room. For example, Odonate Therapeutics ($ODT). What's the Risk? Two risk measures are employed: A set stop defined by price support A suggested number of shares to trade based on account size Together, this will prevent you from overexposing your account to any one stock. When to Sell? I track all trades to an endpoint. I include some milestones for traders who want to exit at pre-determined points; for example a 3:1 risk:reward worked off the opening stop, a 10% , 15% or 25% gain, or a trailing stop hit. These milestones can be used to take partial profits; e.g. sell a third at a 3:1 risk:reward hit, another third at 25% gain, and the final third on a defined exit or trailing stop hit. What's the Goal? I'm looking for an annualized account gain of 15% from the stock picks. If successful, I would be outperforming the vast majority of hedge funds and the typical S&P CAGR of 6.8%. I plan to use subscriptions to fund a trading account which will feature these stocks. Still Interested? Try the 14-day free trial. Don't forget to email me to gain access to the spreadsheet after you subscribe. Posted by Declan Fallon at 4:16 PM No comments: Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest Sunday, March 31, 2019 Trading Books to Read General Investment: Start with “Reminiscences of a Stock Operator”; paperback runs under $20 but the Kindle edition is selling for less than $2! It was first published in 1923 but it’s a good introduction to market psychology https://amzn.to/2FN1IAT Investors.com has a good newspaper for stock ideas (excluding the Editorials) which is supported by two books, “How to Make Money in Stocks” and “Become a Successful Investor”. The books run for under $20 on Kindle and are available here: https://amzn.to/2U6n2KE . If you want hard copies, then “Become a Successful Investor” should be bought first: https://amzn.to/2HOBujJ , then “How to Make Money in Stocks”: https://amzn.to/2UnN6Ab . These books give a good introduction to the CANSLIM method, mixing fundamental and technical ideas and each book can be found for around $15 each, so they won’t break the bank. Technical Analysis I’m a big fan of John Murphy’s clear and concise writing. His book, “Technical Analysis of Financial Markets: A Comprehensive Guide to Trading Methods and Applications” is a must have. The book can be found on sale for around $50: https://amzn.to/2YBdw0t . If you are looking for a little more then his other (harder to find) book, “Intermarket Analysis: Profiting from Global Market Relationships” looks at relationships between asset classes but there is no rush to buy this: https://amzn.to/2Wzf2hZ I use Japanese candlesticks in my charts, for more on this all you need is Steve Nison’s book “Japanese Candlestick Charting Techniques: A Contemporary guide…” found on Kindle here: https://amzn.to/2YDe8ml or paper copy here: https://amzn.to/2WAa5Ft The other book to consider is “Encyclopedia of Chart Patterns” by Thomas Bulkowski. What I really like about this is it gives you statistics on the success (and failure) rate of each pattern in bull and bear markets. The book is not cheap (even on Kindle) so it’s a bit of an investment: https://amzn.to/2U9c076 . If you don’t want to pay this, there is his cheaper book “Getting Started in Chart Patterns” for under $20. https://amzn.to/2WE5LoV Bonus Material You will have a good grounding with the above materials. If you like these style charts – good for long term price targets – then “The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method” can also be considered, but this runs at $50 for the eTextbook so I wouldn’t be rushing to get this: https://amzn.to/2YNsKQi Posted by Declan Fallon at 5:17 PM No comments: Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest Thursday, March 8, 2018 Who Am I? Qualified with a B.A. (Mod) Natural Sciences II-I; Zoology - Parasitology, Ph.D. Nematology. Currently employed as a Dashboard Solutions Specialist, UI and UX Developer, Dashboard client solutions, training and documentation for Kx Systems . Seventeen-year experience as a Market Technician across financial markets; completed all three examinations towards CMT designation (final sponsorship required). Financial Blogger ; featured on Forbes Best-of-Web & Top-20 Blogger by Instantbull.com and Finviz.com. Blog published daily, and receives a total of 11,000 Visits (15,000 Pageviews) from 5,000 Traders every month. @fallondpicks is Stocktwits Recommended ; followed by 57,000 Traders with an additional 1,900 followers on Twitter. Former contributor to the Motley Fool . Current contributor to Seeking Alpha . Qualified Zoologist / Parasitologist / Nematologist . Research in sustainable methods for control of plant-parasitic nematodes and invasive insect species using antagonism and parasitism strategies. Graduate and undergraduate teaching experience. Former graduate committee member (2 Ph.D.s and 1 M.Sc). Successful competitive grant funding ($241K) & peer reviewed publications. Former grant reviewer for U.S.D.A. (National Research Initiative and Small Business Innovation Research) Former peer reviewer for Biocontrol Science and Technology, Journal of Nematology, Nematology, and Journal of Insect Pathology. Specialities: Technical Analysis, Nematology, Social Media, Parasitology, Strategy Developer, Community Management, Project Management. Posted by Declan Fallon at 2:13 AM No comments: Email This BlogThis! Share to Twitter Share to Facebook Share to Pinterest Tuesday, May 10, 2016 Trading on eToro Review I have been trading with eToro for the last 3 years and have found eToro to be great way to scratch the trading itch without having to risk large amounts of capital - thanks to its finely-tuned trade ticket. Details on how best to get the most out of eToro trade ticket I have outlined below. At the end of this article I have included a list of (low-key) performers on eToro you should consider following or copying. You can start by registering with eToro. I recommend starting with the minimum deposit of $200 and using the 1% risk rule of available capital; this means if your starting capital is $200, then your first trade will risk $2. So in risking $2, what is the initial position size to use? The eToro Trade ticket will default to a standard $25 lot, with a 50%(!) stop, usually on x100 leverage. You will not want to enter your first trade this way . First thing will be to change the leverage to x1, then change your stop loss to $1 just to avoid any errors. The short video (no audio) will show you how to use the Trade Ticket to calculate the trade size based on your chosen stop: 1. First set the stop you wish to use 2. Set Leverage to x1 3. Adjust Levarage and/or Amount until you get to your selected risk (here, $1). The Golden Rule is to only ever risk 1% of available capita l. If you foll...