OK, now that we have a portfolio score I am changing the strategy of my P&P picks.
I will be positioning in no more than 10 tickers. My main focus is stocks which have IMHO good prospects for earnings growth and seem to be appropriately timed to enjoy trending price movement. The strategy is to maintain exposure to tickers during their trending phases.
I seek entry in stocks which are exhibiting strength. I like strength from weakness but have little tolerance for a ticker which does not swiftly regain the 50 MA.
Everyday I am screening the market and adjusting my buy lists. And I will try to enter picks prior to the close when I think they are still appropriately priced for others to enter if they so choose.
I expect the time frame for holding to range from 2 to 20 trading days depending on how the ticker trades after entry.
One last rule. Do not perceive any of my picks as investment advice. Any who participate in these P&P picks with real money are expected to do his/her own due diligence and make decisions to buy and sell based solely on his/her own research and trading methods.
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