What do you think of this strategy? no stop, 3% profit goal...

theblues88

Newbie
1 0
I've traded before, lost money... Been deciding if I go back to the stock market but mainly for long term value investing when an obscure book called my attention: the Stock Market Outsider

its strategy is basically:

- Find companies with great fundamentals (if the stock goes down you wouldn't mind holding it indefinitely)

- Wait until a company opens negative (the more negative the better)

- Allocate at max 10% on each stock.

- Buy, then place a sell order with 3% (+costs) profit goal

- Wait indefinitely until profit target is reached.

- rinse and repeat, and reinvest your profits every time.

As crazy as it sounds, it does make a bit of sense. What do you think?

Many thanks.
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock