Who's making money?

What’s your favorite part about being a stock market participant? For me there are several. One of the main ones though is that 5 days a week we all have over 11,000 new opportunities, providing we didn’t blow up our accts on previous trades. There’s over 11,000 different stocks and ETF’s on the exchanges, that’s 55,000 new opportunities a week. I mention often about the relevance of maintaining an up to date Watch List. We don’t fight the trend here, that is a “No-No” but we do embrace new breakouts when they present themselves.

That is what happened just today. MSTR is one that hit my list last night. And sure enough it rose up over 12% today. That’s right at $200.00 on the day. And up over 17% on the week. That is strong, here at investingwithfaith.com we like strength.

For investors that buy smaller dollar stocks I never got that. It’s the psychology of trading. I’ve seen investors that only buy stocks within $10-$20, and I’ve seen ones that only buy if they are above $100 but less then $300. But one things they all have in common, and I mean this, I’ve seen it endlessly over the years, is that they all buy the same dollar amount each time. So if Bob usually buys $3,000 worth of stock, he will buy 150 shares of his $20.00 stock. If Steve usually buys $3,000 worth of stock and it’s trading at $300 a share he will buy 10 shares.

Opening up to other possibilities creates growth, many if not most settle and never embrace growth, they fear the unknown. Investor Psychology is the biggest part of this game. Buying stocks that are breaking out of well defined bases, with volume, that have Options Open Interest pouring in for future dates is what we focus on here. Regardless of the price, I’d rather buy 2 shares of a stock that is proving itself than hundreds that I would have to wait, watch and see.

The Premium version of investingwithfaith.com will be rolling out soon. In it there will be a Watch List ( along with tons of charts ) that will have regular updates, we won’t focus on capping our potential, but embrace new ground that’s higher. If you enjoy this content please share with a friend

Invest wisely, live charitably and be well

Brother Bill