Welcome to All. Thank you for visiting this investing Meetup page. The Wesley Chapel Investing Meetup Group, WCIMG, is an IBD based trading group located in the Wesley Chapel, Florida area. Realizing there are a number of IBD meetup groups in the Tampa area, this group has evolve into a more advanced trading group, using still IBD's strategy as its base methodology. We are interested in a life-cycle trading approach from a stock's IPO to its price Climax. Trading expectations for this group is full portfolio investment, cash and margin, during profitable market conditions. If favorable market trading characteristics do not exist, then our full portfolio is entirely in cash. This is the world of Growth stock investment. The expectation of this group is to make money, we respect trading as a business; it is not a hobby nor do we treat it as one.
The tools used in this group are mostly IBD products; the print/digital IBD paper, Leaderboard, Swing Trader, and MarketSmith. The Minimum requirement to become a trial member in this meetup group is a subscription to the IBD paper (either paper or digital or both) and an accomplished knowledge level in chart reading. Trial memberships last for 3 months, then your participation in more advanced trading is expected. Advanced participation is accomplished through taking IBD home study courses; such as, their Level 2 & 3 courses, Advanced Buying Strategies, IPO Trading, and Market School. Chart School and Short Selling are optional. This is not an Option Trading group, per se. Obviously it is not a requirement for this WCIMG to take all these courses. It is expected that members will follow their interest appropriately and to participate in group meetings at a professional level, both in strategy and in dialogue when discussing advanced trades.
We currently meet at night, once a month at Panera's on Rt 54 and Livingston. We participate in round-table discussions regarding current market status and specific stock buying potentials. For those members that need more input than monthly, a few members meet regularly, each Monday morning around 0900 at the same location. In both cases and because of the current venue, total attendance at our meetings is limited to 8-10 people. Any growth in the size of this group will be addressed in the future as needed. If you are happy with your current IBD meetup group, then please stay with them. Those that wish more, give us a try!