Easy money in stocks - Updates
From time to time I will post here information about the method performance, particularly in regards to the stocks that I followed in the past and are mentioned in the e-book that describes the method.
1. In the week of 1/23/06-1/27/06 the method would advise you to buy a stock that by the week's close would climb well over 5%. You would have known the exact price at which to buy this stock and you would also know how to close your position. This stock was mentioned in my e-book. This trade was completed and closed at breakeven after being open for 3 months. It is my worst result with this method so far, but this also shows that this is a safe method as even its worst result has done no damage to my funds. In this picture, the entry was on the left edge of the chart, the exit on the right edge or within the next few days. This picture also shows that it was possible to make money by adding to your position, but the method itself requires no such thing. Still, if you believe that the method is sound, and it is, you might want to take chances. I decided to show you how this stock would have performed if given more time. Please take a look at this picture showing the progress since the last report. It turns out that this stock was one sleeping beauty!
2. In the week of 2/13/06-2/17/06 the method would advise you to buy a stock that by the week's close would climb over 5%. You would have known the exact price at which to buy this stock and you would also know how to close your position. This stock was mentioned in my e-book. I will post here when this trade is completed. The trade was completed and closed at breakeven after being open for 3 months, in practice, after 12 weeks. Another breakeven trade, which shows again that this is a safe method as even under the worst circumstances you are still likely to break even. In this picture, the entry was on the left edge of the chart, the breakeven exit was possible close to the right edge two days in a row. It was possible to exit with a better than breakeven result, but I don't like to inflate results, so officially it was a breakeven trade. Also, this trade, just as the previous one offered opportunities for adding to your position, which are outside the method proper, but work well much more often than not. Let us now see how this stock would have performed if given more time. As you can see from this picture, this was indeed a very safe bet and would have given us about 20% in profits had we held this stock for a few more months.
Let me sum things up this way: I could be selling this method for $49 or $99 and I am sure I would be making much more than by sticking to my price of $175. However, I will not do this, simply because I like this method, I know it works, and I refuse to cater to those who believe that stock trading is about excitement and action. No, it's just the opposite. It's about making right, educated decisions at the right time and sticking to them. This method helps you in this by selecting fundamentally sound stocks with a great profit potential. It does so rarely and because of that please don't buy it if you are not interested in using it for the rest of your trading career. It's not some get rich quick scheme, but if you stick to it for a long haul, you are unlikely to get disappointed!
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