{"id":465,"date":"2004-03-31T17:45:31","date_gmt":"2004-03-31T22:45:31","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/desperation-investing-dont-do-it\/"},"modified":"2004-03-31T17:45:31","modified_gmt":"2004-03-31T22:45:31","slug":"desperation-investing-dont-do-it","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/desperation-investing-dont-do-it\/","title":{"rendered":"Desperation Investing – Don’t Do It!"},"content":{"rendered":"

Question:<\/strong><\/p>\n

I have a question for you.  I know this isn’t an investment style that you
\nwill support.  However, I am desperate here to make my money back quickly so
\nthat I have a cushion for investing again.  I wanted to research the success
\nof the strategy of buying New America stocks the day or eve of their debut
\nand selling after a small run-up.  I’ll only invest in the ones that seems
\ngood and have a great write up.  I’ll buy 1000 shares and just let it go a
\nlittle and sell.  I am going to look at the New America Archives and see
\nwhat the activity for the day is and what kind of success rate I would have.
\nWhat do you think.  I hope you don’t think it is ridiculous.  It’s just when
\nI get the CANSLIM breakout reports I am always nervous that they have run up
\ntoo much and that I am late getting in.<\/p>\n

My Response<\/strong>:<\/p>\n

I wouldn’t recommend buying stocks just because they appear in New America,
\nalthough some research to see how that strategy would have done would be
\ninteresting.  Buying at the right time is critical.  You need to be careful
\nabout trying to make a ton of money right away.. it leads to mistakes.
\nBeing patient and waiting for the best companies to flash a buy signal is
\nalways the best policy.  When I make a trade that doesn’t work out, it
\nalmost always because I didn’t stick to my buy rules. If you have a margin
\naccount, that provides you considerable leverage in a bull market … it can
\nreally hurt you buying on margin when the market is rough, but if you use it
\nsparingly and only at times when the market is beginning a new run up it can
\nbe very powerful.<\/p>\n","protected":false},"excerpt":{"rendered":"

Question: I have a question for you.  I know this isn’t an investment style that you will support.  However, I am desperate here to make my money back quickly so that I have a cushion for investing again.  I wanted to research the success of the strategy of buying New America stocks the day or … Continue reading Desperation Investing – Don’t Do It!<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-465","post","type-post","status-publish","format-standard","hentry","category-mail-bag"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=465"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/465\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}