chrisperruna twitter stock selections 2009:
Visa (V) turned out to be the stock I tweeted about the most starting on March 31, 2009 (my first day of twitter) at $55.60. I mentioned that “the pivot point is $61.50…then look for $60-$100 move” on April 26 2009. Well, the stock closed the year just shy of $90 and is well on it’s way to a $60-$100 run for a near 60% gain. Disclosure: I personally owned more shares of Visa in 2009 than any other stock listed below (my position is currently 100% closed).
The top gaining stock of the year was MELI, featured on May 12, 2009 at $25.60; it closed the year at $51.87 for a 103% gain.
Here is a re-cap of all the stocks that I featured on twitter in 2009:
Total Stock Selections : 63
Total Winners : 50
Win % : 79%
Total Losers : 13
Loss % : 21%
Total Average Gain : 24%
Average Gains (winners) : 36%
Average Loss (losers) : (15%)
**Keep in mind, these stats are based on pure buy and hold (no trading rules calculated in)**
A full spreadsheet of my picks can be found below.
is it not wrong, in fact stupid, to take credit for stock gains relative to march, 2009?
Well leg, there are two ways to look at it: 1. Luck of the up-trend or 2. Spotting the up-trend and making moves that profited. How many people talked about a bottom or the “new up-trend” but did nothing about it? Anyone can spot a bottom or new trend but how many people truly capitalize on it? As you can see, I pounced on the opportunities in late March and April and tweeted for everyone to do the same. Just follow the market and you’ll make money, I will never say sorry for that, it’s quite brilliant actually, not stupid!
Well done Chris!! Best of luck to you in 2010.
Leg,
I’ll leave you with some Jesse Livermore quotes:
“Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.
I never try to predict or anticipate. I only try to react to what the market is telling me by its behavior.
Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.
There is only one side of the market and it is not the bull side or the bear side, but the right side.
A man must study general conditions, to seize them so as to be able to anticipate probabilities.
It always pays a man to be right at the right time.
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.
Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend.
A prudent speculator never argues with the tape.”
Just as an FYI, I had paused my subscriptions to Daily Graphs Custom Screener Wizard as I took the last few months off from the market. This morning, I called back to resume the rough ($45) a month access to learn that it is no longer being offered that way. In order to get the Screener now, you must purchase the complete Equity Package (3 tools – Graphs, Screener, Industry Groups) for $112.00 a month instead. Just wanted to inform you to keep your existing membership for the Screener if that is all you use.
Chris…What’s your stock picks for 2010?? Do you like Visa?? I’m still holding it . I hope you had a Happy Holiday with your new cutie pie (son).
Dow gain 22% since Jan 2009, compare to 24% of yours.
“On can gain similar result by putting them into market. Do we really need education for investment?”
Can you comment on this statement?
Dr. P,
The results above are based on pure buy and hold which I don’t advocate. By incorporating sell rules, the larger losses would have been cut at no more than 3%-10%, bringing the average total gain closer to 30%-35%. Other techniques such as pyramiding winners along with cutting losers would bring the returns closer to 40% . The education part is minimizing losses and maximizing the winners. The buy and hold results are for observational purposes only. Hope that helps clarify.
That is a great record you have. It is impressive that you can maintain it.