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GrumpyOldGuy (55.79)

Checking out IBD

Recs

7

January 17, 2013 – Comments (2)

I'm bored, it's cold out, I need something to give me a reason to get up in the morning so ......I decided to donate $270.00 to IBD for a one year subscription to eIBD.

I know enough about IBD to know that it's a pattern breakout system, that it is a momentum system, that it is a swing trade system, and that, as in all things stock related, it is easy to let emotions cloud buy/sell decisions.
So, I am following their "hot" stocks on Stockcharts.com where I can annotate and save the charts, studying IBDs lessons on pattern recognition, and waiting for to see if I can actually do what they say can be done.

I haven't decided if I will put real money on any stocks, hell, I don't even know if I will ever see a pattern that I believe IBDs rules call for an investment, but time will tell.

Good luck to me. 

2 Comments – Post Your Own

#1) On January 23, 2013 at 2:05 PM, GrumpyOldGuy (55.79) wrote:

OK, I bought my first stock today based on eIBD. CVLT is a highly rated IBD stock that broke out of an ascending triangle on above average volume. Payed $72.96/share with a stop at $67.13.  (8%)

While it's still cold out, I am slightly less bored.

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#2) On November 06, 2013 at 9:32 PM, GrumpyOldGuy (55.79) wrote:

In my opinion, IBD is a waste of money. I purchased it mainly because they claim to be very good at detecting market trends and trend reversals. They really aren't any better at it than  using a SMA crossover system.

But I have a plan. I need to cover a few loose ends on the plan but it has to be better than IBD. Stay tuned.

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