"if you pick 50 stocks out of a hat.. the chances are that half will go up and half will go down..."
What i did was nothing 'special' in the sense that i didnt really make money so much for my stock picking [although that did play a part and is as important]. I made money for my waiting...one of the hardest skills by many on the market that is patience..i have learnt that you dont always have to trade to make money...this patience thing involves ignoring market noise something very hard to do in the early stages and just holding my position and letting the market do all the hardwork.
The stocks that were chosen at the time was done so on a very basic criteria which is very simple chart analysis i.e. support resistance, trends, momentum and other things but their the main things.
And a bit of fundamental reading with figures etc etc this was needed to ensure the chance of the company going bust was minimal.
Another mistake i made was i chose too many stocks, if i chose only my best and not 20 for the sake of filling all the slots i probably would have made more money. Hence the reason iv made adjustments this year to my selection criteria.
I have learnt what many of my friends have been telling me for a while now, Vis the big money is made from waiting.
