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written by reader Turning Stock Gumshoe signals into dollars

By jon12345, November 7, 2021

I am new here today, having just signed up for the premium content as an Irregular Member. This site looks fabulous! Lots of interesting discussions going on and reporting on signals. Love it!
Given all this, I want to get started turning this information into some concrete dollars! So, I would like to ask the regulars here, what process do you follow to take advantage of Stock Gumshoe? Do you come here daily? Regularly throughout the day? Do you have a systematic process, or is it more random? What makes you decide to pull the trigger and make an investment based on the signals here?
Very curious on how others are approaching this.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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agentp
November 8, 2021 6:51 am

jon12345 I place email notifications on the discussion topics I’m interested in and they pop up in my email. that allows me to stay updated on comments/info pertaining to the topics I’m interested in. I’ll check the site periodically to see if any new discussion boards have been created that might catch my eye. I think GUMSHOE is a great resource

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nickboston
nickboston
November 8, 2021 3:23 pm

I’m not sure what you mean when you are referring to signals. That being said I am probably more risk oriented than most. I look at the recent articles, pick what I think might be right ( to be fair mostly based on what Travis says) and if it seems solid, I’ll take a punt. However, that being said I use other indicators when pulling the trigger. I like the 9 to be above the 20 day moving average, crossing above is my favourite. I also look for the macd to be crossing as well as the smi. If not I’ll shorten my stops and possibly still take a position. Also, even though I’m quite aggressive I won’t put more than 5% into any one stock anymore as I know my limitations. Also no matter what it is I have an exit strategy, I’ve made massive gains only to give them back thinking a pullback can’t get any worse, only to watch it get worse. My latest picks from the articles are CUE, VYGVF and MITK. The first is my favourite (slow and steady) and I think there’s still meat on that bone.

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nickboston
nickboston
November 11, 2021 2:30 pm
Reply to  jon12345

I would well advise you to at least try to look at technicals. You can then at least start to validate what your gut tells you. Here’s another way to consider it, you can treat it as confirmation. Here’s an expensive example and lesson that I learned. I remember when #GEVO was looking to break out either last year or the beginning of this year. I hadn’t been doing technical stuff. I was chatting with a friend and he had said to watch out for GEVO as it was looking good. The technicals were the macd had crossed over as well as the smi (if you trade with TD ameritrade you can use there think or swim platform for technical analysis for free and tons of videos on YouTube which talk about using them). Anyway, we both bought, him on technicals and me on a gut feeling and trusting him. It went up, dropped back a couple of times and I got out, I think I made 60%. He stayed in and made around 300%! I was watching the price fluctuate and wondering which way it was going. He was watching it stay above the 9 day moving average and basing its price on that as support. During the run up it didn’t drop below it. If that were today, I wouldn’t make that mistake as just that one indicator (along with others) would have given me the confidence to stay in. That wasn’t even the most costly mistake I made before integrating technicals by a long run. I’m not saying live or die by them but learn to incorporate them and they can help validate decisions. If you want to go against them and it doesn’t work out you will have learned a lesson.

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