Stock Market Investing

There is a radio show Phil's Gang that I have listened to some. He is a bit repetitive and is constantly selling his stock charting system. What he says makes sense and I bought access at one time and did not follow the strategy and eventually stopped. I had been playing a stupid online game for hours a day and doing well playing it. Hour after hour of strategy and and decisions and implementation of movement. In March, I thought, "what a waste of time!" I thought about it and decided that if I were to put the same time and effort into "playing" the stock market game, I should be able to "win" at that game too.



So, after two months of using Phils charts and following his rules, my portfolio is up 20%. I am not saying it is foolproof, or you will have the same luck I have, but it looks promising. The market is going up, so I have to add that fact into the mix, but he also teaches how to profit from falling markets. How to short stocks and be able to tell when the market changes direction. I am paying $50 per month for his "Working Investor" plan which gives me access to his training and one of his trend charts. I believe there are ways to duplicate the charts he sells access to, but I am also looking for his daily market advice and the stocks he is watching and showing me why he is watching them.

I am just making you aware of the site and that it is working for me (so far) and I believe it will work as I move forward. If you do decide to look at the site, do not be put off by the boring monotonous sound of his voice or the repetitive message, think about it like a class with a knowledgeable professor that can teach you important information you will need in your life. The site is Phil's Gang - Expert Stock Advice & Trading Tools Feel free to ask me any questions you may have. I am not making anything telling this information. I have no affiliation with this product, but it does look like it could be life changing for me, and if it is something that can positively change a friends life, I feel I have a duty to let my friends know.

Just to be clear, I am working the plan 2-3 hours a day to find stocks that fit the profile for stocks that are trending one way or another. I decided to FOLLOW HIS PLAN and WIN THIS GAME. It looks like you can follow his working investor advice and do okay, but the information is there for you to use and take advantage of above and beyond the "buy this, sell this" info he gives.

I hope this can help someone else.

Just to be clear, I have played the stock market for years and I know much of the terminology and strategies beforehand, so I may be a little more up to speed on what he is talking about and what he is doing. I'm not sure someone picking up investing in the stock market cold with no knowledge at all would be able to pick up buying and selling stocks immediately with no anticipation to get up to speed learning the basics of the stock market and how to fund and use a stock trading account.

I hate to be the bearer of bad news.... but if his system was so good why would he need your 50 bucks? And that is way too much money, it should be 50 a year. Not per month. Motley Fool is only 200 a year.

Since this is the second time around you're just throwing good money after bad, I can see the one thing you're not doing that's free. Research. You'd be better off throwing that 50 a month at the stock market on different options, and seeing how they pan out.

Slow and steady wins the race. You DO NOT WANT RETURNS OVER 10 PERCENT.

Originally Posted by Metalbestos

What’s you’re opinion on #tgod long term as far as growth and future market dominance ? What sectors to you personally like the most ?

Basically, the charts show trends and let you know when the big funds and banks are buying. the aim is to buy when the stocks are being bought and sell before they lose their attraction to the big money going in. The aim is not to buy and hold.

1.... TGOD. That particular stock did not display on the charts he uses. I did check it on google and the volume is pretty low. One of the rules I put into place was to not put any serious money on stocks less than $5. It is not hard and fast. but I think $1,000 is about all I would gamble on a <$5 stock. There are a couple of <$5 stocks I may buy as a gamble, but they are moving pretty fast and it looks like it might be easy to jump in as they are dumped.... but they are in an uptrend.

2. Promising sectors change all the time. Right now, oil stocks are moving up. Airlines are moving up, but I bought a couple and one has done okay, but the other is down since I got it. I have a stop in place and I am hoping it will have a run up, but it has not popped yet.

Odd that you are steering clear of 5 dollar and under stocks. 6 weeks ago Ford was under 5 dollars.

All my stocks I bought this cycle of 6 weeks were all under 5 bucks. I just looked now, 73 % return. (unrealized). Most will disappear. Out of 9 stocks, I've got one that isn't hitting. I didn't take a course. I just throw money at stuff and see what happens. Luck? Maybe. But I read a lot. And in this day and age, every broker has an app that lets you do a heck of a lot. In another thread, we had talked about ABB. And that is coming along nicely. But there wasn't enough risk in that for me.

Originally Posted by Metalbestos

It’s up 25% today , I think investing is a long term hold , it sounds to me that you’re swing trading . Which is fine , great way to make profit . Long term Altria ticker #mo Is a play I like , healthy dividend that is definitely worth holding long term . Most of the stocks I own are dividend payers set to drip .i commend you for being active in this volatile market .

Want to see what tgod has been up too search tgod Valleyfield , amazing green house with smart design . It’s truely a modern marvel

Yes. it is a little swing tradey, with a little longer hold term than a day trade. I did buy and hold and got my butt handed to me. Played the game the way I was sold to do it. Buy and hold, dollar cost averaging, mutual funds.... Lost basically all I had built up and spent my $$$ on PM's for the past 20 years. Finally decided that buy and hold was a suckers game (my opinion, if it works for you, by all means. It is a phrase and I don't mean to imply you are a sucker), and this guy says the charts (and he) will let me know when to get out and short stocks instead of buying long.

At this time I am watching the stock list he keeps an eye on and stocks that list their earnings to see how they trend after reporting. After looking over the stocks this weekend, I bought GE and Macy's. Both look like they are in the start of a good uptrend and my target for GE is probably around $9-9.50 and for Macy's, probably around $11 or so.

Please don't buy these on my say so. If you have a stock screener you use, beat them up and let me know what your screener says. I am still learning the charting, but I am learning to trust the chart.

Originally Posted by IamTheGreatest

Odd that you are steering clear of 5 dollar and under stocks. 6 weeks ago Ford was under 5 dollars.

All my stocks I bought this cycle of 6 weeks were all under 5 bucks. I just looked now, 73 % return. (unrealized). Most will disappear. Out of 9 stocks, I've got one that isn't hitting. I didn't take a course. I just throw money at stuff and see what happens. Luck? Maybe. But I read a lot. And in this day and age, every broker has an app that lets you do a heck of a lot. In another thread, we had talked about ABB. And that is coming along nicely. But there wasn't enough risk in that for me.

Well, there're many different methods to de-fur a feline. I guess we try to pick the way that makes the most sense to us. F was on my radar, but I picked other stocks that I felt a little more secure with and thought had a better potential. For the most part, the stocks I try to work with fall between $5 and $50 and have a volume in >10 million/day... more is better. <$5 can move too quickly and it can be hard to catch it if it blasts by a stop. Here are wo I considered but at this point, I value safety over the possibility of a big gain. Here are a couple of oil stocks <$5 that my chart says are on the rise. OAS and NE. I may just give NE a shot for schitts and giggles.

Usually volume doesn't mean safety. It means people bailing, in my opinion.

NE and OAS are pump and dumps. This is why you don't subscribe to private newsletters.

Originally Posted by IamTheGreatest

Usually volume doesn't mean safety. It means people bailing, in my opinion.

Originally Posted by IamTheGreatest

NE and OAS are pump and dumps. This is why you don't subscribe to private newsletters.

Alrighty then...

How did NE and OAS turn out? I hope you got in before the spike, just to watch it fall today.

Originally Posted by matador

I'm way more boring than most people in my investing. I do a lion's share of it into mutual funds with good track records. I like the technology sector, so I'm in some of "the usual suspects" like FBSOX and FSCSX. When Coronavirus hit, since everyone was shut down, I didn't have much to test at the office so I took a bunch of hours helping the neighbor farmer to make some extra cash. I put that mostly into AAL, XOM, COP, and HAL. Those have been doing really well for me, and I think they have a ways to go. It's not money I need to have though, so if I lose my shirt, I guess people just have to look at me topless. You don't want to see that, so go fill up your car at Exxon or ConocoPhilips

I also did some "investing" in vehicles, odd as it may sound. I've been running vehicles that have been on their last legs for years, and I've milked about everything I could get out of them. All of my vehicles are the real life version of the old Disney cartoons with the cars coughing and smoking. I was planning on replacing them, and then Covid hit, so I took the chance and bought three project vehicles at Copart (They're a salvage auction). Right now, nobody is thinking about buying cars, so the dealers aren't bidding. I stole all three of my vehicles (I bought two Saabs and a Mercury Mountaineer). Heck, today we went on a 300 mile family trip in the 2008 Saab 9-3 that I bought for a $175 bid. Seriously!

Investing in the market can make money, but I like the equipment side of things more. You can save a LOT of money right now on stuff you need. If anyone wants me to do a Copart thread, I certainly can. It was a lot of fun, I got three vehicles that are WAY nicer than what I've been driving for dirt cheap, and it may be a good chance to do a little car flipping for some people on here

That would be interesting. Do you need a special card to buy the cars at the auction? Do you need to have a license to buy and sell cars? Do you do the work on them yourself or do you send them to a shop?

Might be worth looking at Paypal Holdings (PYPL). I've owned Paypal for several years. IMO, about the only research necessary for Paypal is to take a look at a 3yr graph. Wasn't it the 5th Dimension who sung "Up, up and away"? Before the market dive it was at $128. It dropped to around $92. Being a little skittish and slow to make the deposit to my account, I waited until it was back to $108 before buying more. It's around $160 now. My overall gain is >145%. Just saying...