Late January my pops started telling me how he may have found something fun for us both to do. Now this usually means working in the pole barn on the weekends or perhaps fishing or causing some kind of raucous in the wilderness. Not this time. He suggested we play with the most versatile market in America. Wall Street. Now I'm no genius but I like to think I have a good sense of business and know a good product when I see one.
Well my dad was somehow introduced to www.northoftheblue.com (NOTB)and hit it off with the founders Dick and Jim. Shortly we had a the program and I was set to reading the rules of stochastics, volume, bma's and a bunch of things I really had no clue what to make of. Over a week of studying and memorizing rules I gave a shot at my own first paper trades and well, some turned out amazing and some resulted in the exact opposite. I learned the rules needed some extra explanation, which I found when NOTB held its first Portland educational class. I of course was the youngest and greenest person there.
Another week went by and my father and I put bids in on our first stalks that seemed to fit the NOTB criteria. So only 4 days later we have had 4 gains and 1 loss. Not bad IMO. I will post the exact gains and losses once we sell everything (who knows the loss could bounce back haha)
Over ten days I was watching these stochastics began to form a rare and amazingly profitable (so far, have yet to see one fail in 3 years I've been told) sign according to the NOTB charts. I found 3 of them. Not surprisingly all Chinese stocks. My dad, grandpa and I will be purchasing them Tuesday when the stocks open. I am excited to report my success and failures. We shall see how well we do against the NOTB average which is about a 50% gain in 50 days.
Point of the story is this morning, Dick, owner of NOTB has asked me to consider taking a teaching position for his product. He said I am young and just beginning so I can teach what I am learning to other beginners like myself. I am excited for this opportunity because so far this has been something I have enjoyed doing and it has been worth the hours upon hours of self educating. So thanks Dick!
If you happen to stumble on this blog please leave me a message regarding the stocks I will be choosing. I am not at all a financial adviser but I will tell you what I am personally doing
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