Wednesday, November 7, 2007

WSR Portfolio Introduction

In case you have not noticed there have over 125 stocks recommended during my Smart Money interviews. Can't keep track of them all? Well I can, and I have put them together into an easy to understand portfolio. They appear on the lower right-hand side of this blog and will be updated frequently. Here are the rules I will play by:
  • If a stock is 5% above its 50 day moving average when it is recommended, it will be added immediately.
  • If a stock is less than 5% above its 50 day moving average when it is recommended, it will be monitored until it rises over the 5% mark, or remains above the 50 day M. A. for 5 straight trading days. Then it will be added to the portfolio.
  • Once a stock is in the portfolio, it will be reevaluated once it dips below the 50 day M. A.
  • If a stock catches a double, I will sell half the position. The remainder of the position will be sold if the stock crosses the 50 day M. A. or hits a trailing 20% stop (which ever comes first).
  • For now, all positions will be started in, equal, $1000 increments.

More rules will be added, I'm sure, but this is to get things started. The current portfolio is up 17% since the stocks were recommended on the Smart Money. This does not include CHNR and KUN, which both caught triples and were subsequently sold from the portfolio for over 150% profit each. The bottom line is these picks can make you money, and it is my job to show you how. I'll be in touch.