- I'll have no more than four or five positions at a time.
- I will stay in a position on average about a week or two but may hold on to some positions for a few months.
- I will find stocks that I think have a strong fundamental story, but I will only be in stocks that have strong technical indicators to suggest a short term rise
- I will short if I have to, but it will generally not be part of my game plan. Shorting can be very difficult and you can easily lose your shirt if you aren't careful.
Please do not try this at home :) I'm playing with real money, and things may get ugly. I'll give a week by week recap of how I've done and what my plan is going forward. Each stock that I pick, I'll give to the full reason why from both a fundamental reason and a technical reason. Sometimes, I may not have totally sound reasons, and I'll explain that too. Picking stocks can take a lot of time as can starting a new job, so it's going to be hard to try and balance everything out and still come out on top. Expect the first pick sometime in the middle of the week and we will go from there.