Our monthly meetings will be geared mostly toward beginning, or existing traders, who want to learn how to trade stocks or improve their existing trading skills. We use the trading methods of William O'neil, founder of Investors Business Daily. He developed a system referred to as the CANSLIM trading method using a combination of fundamental and technical analysis to determine which stocks to buy, when to buy them, and most importantly, when to sell them.
At each meeting, as the months progress, we'll cover the basics describing in detail what each letter stands for in the CANSLIM acronym. Also the importance of combining fundamental and technical analysis along with chart pattern recognition and price and volume movement. All this before buying a stock.
Topics like institutional buying and selling and what effect that has on your stock purchase. Why it's unwise to buy a stock unless it's nearing a break point. Did you say "what's a break point?" We'll teach you.
When to take profits and how do I know if my stock is running out of steam; should I get out or hold on? We all want to make money and the money is in the stock market so let's learn how to get it. It takes doing your homework, lots of study, web research, patience, burning some midnight oil, investing some of your hard earned money, but it pays off with something called "PROFIT." Join us as we learn how get some of it!
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|About IBD stocks for profit||March 8, 2012 8:31 PM||anonymous|