UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next
Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Looking for Advice Date: 11/10/2006 6:49 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
The level of militant stupidity on this board is always truly amazing. Mad Capitalist is a good example, but there are others.

That is why it is best, if you want good advice, to go to boards where people actually know things. Or are willing to learn. The FT-Talk board, for example, has numerous people who actually know stuff, and others who are eagerly learning. http://www.ft-talk.com/forums/. Then there are places here, like Mishedelo's board, Rat's board, and the MI boards where people actually try to solve problems.

Some of the posters here are simply pathological.

That said, PKunden makes an excellent point. I do not subscribe to Gorilla, but I know the problem, and it is a problem with CANSLIM also. You find a collection of good stocks and get fully invested. Then you find something else that looks equally great, and there is no clear algorithm for knowing whether or not to switch, or what to sell. Or, you sell a couple of stocks because they go through their stops, and there are 15 that look equally good, but you cannot reasonably buy them all.

The advantage of a FastBreak system is that you always hold N stocks, unless you get a market timing sell signal. This may or may not be optimal - who can tell - but it makes the decision and you do not have to spend a lot of time pondering. The same is true for the stuff on the MI board. It sure avoids a lot of agonizing.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement