And yet 'everybody' says that's not how you do it.
But it's why we might buy gold.
Or baseball cards.
Or '63 split-window 'Vettes.
Or houses.
Or Beanie Babies. (bonus points if you're old enough to remember those.)
But with stocks, we're told over and over that we have to exhaustively analyze the financial statements and earnings reports of every company we're interested in owning stock in.
But what if you started with a universe of tickers you knew nothing about, *but someone you trust says are 'good' companies?*
Someone like Investors Business Daily.
Say, their Top 50 list. Or other companies that meet most of the CAN SLIM criteria set down by William O'Neal many years ago.
Have you heard the dartboard theory of stock investing?
Back when you bought a paper copy of the Wall Street Journal, you could tape the lists of all the stocks to the wall and throw 5 or 10 darts at it to pick stocks.
You bought them, then you "cut losers while letting winners run."
"Can't work," you say? It actually works about as well as anything else. But I'm not advocating darts.
Let's take our list of assumed-good companies and simply **look at their charts.**
In fact, show them to a 5th grader if you have one handy. Teach them a little bit about what a price chart means, then have them tell you which of the charts they'd rather have their allowance money in.
*It won't be charts that are going* ***down***.
So why do we "investors" think we can read up on a company, look at its chart, then say, "But this *should* be going up! Well, it'll go up *some*time, so I'm going to put some percentage of my money into it and hope for the best."
Instead of that, what if we simply bought companies whose share price was actively, *right now*, going up?
It's still a hoping game: hoping that they *continue* to go up.
But isn't that a better starting point than buying stocks that are flat or going down?
To that end, I'm going to leave you with 9 tickers to consider. 3 each on 3-month charts, because I've found a 3-month lookback to be the most predictive of the next few months.
The idea is to buy them now, then monitor. Set a trailing stop of 8 to 10%, but otherwise "let winners run."
I'd love to connect with, or just chat with, people who are similarly "chasing performance."
Good luck out there.
[DT, OKTA, VEON](https://imgur.com/a/eiLAJB7)
[ATRC, CVI, RNG](https://imgur.com/a/EUKEOVo)
[CDNA, ECO, TXG](https://imgur.com/a/iazEOWs)
