(GIMG) Greendale Investing Meetup Group
MEETUP LINK – https://www.meetup.com/greendale-investing-meetup-group/
THURSDAY September 29, 2022, starting at 6pm
Directions to Meeting Location:
Greendale Public Library (click for map)
Community Room in basement
5647 Broad St, Greendale, WI 53129
Enter through the front of the Library, and ask for the Community Room
NEW FACEBOOK GROUP: – Greendale Investment Group
You are ENCOURAGED to bring something to the meeting: an investing book or article, an investment quote or saying, website link, market insight, etc. I REALLY APPRECIATE INSIGHTFUL QUOTES ON THE STOCK MARKET! Don’t just bring a stock tip!
1. Opening Bell – Let’s get ready to trade (info)
2b. Read Disclaimer
3. TOPIC: Book Discussion about a Market Wizard
I am reading “How I Made $2,000,000 in the Stock Market” by Nicolas Darvas. We’ll discuss this fascinating book, an investment classic, and learn about how we can apply the ideas in this book in the current market.
How I Made $2,000,000 in the Stock Market
by Nicolas Darvas
What is Nicolas Darvas’ system?
“How I Made $2,000,000 in the Stock Market” or Why a Less Known Trader is Worth Mentioning
I’ve read it before, and I think we would benefit in learning from a Market wizard.
We have very lively discussions. Past attendees have told me that the time spent in our Meetup group is very productive for their knowledge base (and their portfolios!).
4. Stock “Share” Time: What idea did you bring?
5. Stock “Quote” Time
6. Closing Bell (by 7:30pm)
Please RSVP at https://www.meetup.com/greendale-investing-meetup-group/
The Community Room has a limit of 24 people, for social distancing.
FUTURE MEETING: TBA
FUTURE TOPICS??: Your suggestion . . . OR
A series on Market Legends and Market Wizards: Nicholas Darvas, Jesse Livermore, William O’Neill, etc.
$$$$$ ***** $$$$$ ***** $$$$$
Start by going to IBD University and Review the Information. Investor’s Business Daily
Learn to use the Time Saver Table, General Markets Indicator, and Psychology Indicators. Read the Big Picture every day.
$$$$$ GIMG Book List
Read The IBD Bible – How to Make Money in Stocks by William J. O’Neil, who was the founder of IBD.
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques by William J. O’Neil
Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
Reminiscence of a Stock Operator by Edwin Lefevre
Market Wizards by Jack D. Schwager
How I made $2,000,000 in the Stock Market by Nicolas Darvas.
Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder
Trend Following by Michael W. Covel
$$$$$ GIMG Disclaimer:
Investments are not insured or guaranteed. “Investments” may lose value. This website (and the Meetup meeting, or meetup.com) is not an offer, solicitation of an offer, or advice to buy (or sell) securities.
Any information presented or discussed as a part of this presentation is only opinion.
It should not be taken as advice and should not be acted upon.
This information is presented to be educational. Your individual financial requirements have not been taken into consideration.
As always, one should seek appropriate professional advice before entering into financial or other arrangements.
$$$$$ GIMG GOALS:
Our Meetup Group Aims For Three Goals: 1-MAKE MONEY, 2-HAVE FUN, 3-LEARN. Your participation, while voluntary, will help us achieve at least two goals. Which ones? Well two out of three ain’t bad.
No real estate, there is another local Meetup group for that.
No politics or religion.
No gold or collectibles or coins, unless you want to.
Touch on fundamentals, not emphasize it like NAIC.
Mainly technical trading, leaning toward Nicolas Darvas’ “techno-fundamentalist” & William O’Neil
If its handled by a stockbroker, we’ll cover it.
OUR EMPHASIS: IBD (Investor’s Business Daily) CANSLIM by William O’Neil, Market Wizards (see Jack Schwager books), Jesse Livermore, Nicolas Darvas, Ed Seykota, Richard Dennis, Trend Following by Michael Covel, Turtle Trading.
E.G.O.= Everyones Got an Opinion — Herb
That is what makes a market!
$$$$$ GIMG LINKS
(GIMG) Greendale Investing Meetup Group – THIS PAGE
(GIMG) Greendale Investing Meetup Group – MEETUP LINK
Herb’s Investing List on Twitter
FinViz Screener Test_Macro
Inflation-Tax-Table “The (Rarely Seen) AFTER-Tax, AFTER-Inflation spreadsheet”
Creating Your Own Trading Plan
This document “Creating Your Own Trading Plan” is a great transition from our discussion of the Three M’s to our next topic on “7 Parts of TRADING”
7 Parts of TRADING
1. Trading Plan
2. Trading Strategy
3. Trading System
4. Trading Tactics
5. Trading Metrics
6. Trading Review
7. Trading Fruits
Tracking Your Portfolio
I showed this spreadsheet at the July meeting: Stock Tracking via Google Finance – DEMO
This spreadsheet uses GOOGLEFINANCE and StockViz data
Confessions of a trader
A place where you can anonymously post your trading struggles
Inflation Adjusted Dow
University of Finance Twitter:
Price Action: @priceinaction
1 on 1 Mentor: @GossettTrading
I recommend (and use) XLQ – Your solution to working with market data in Microsoft Excel since 2000
https://www.qmatix.com/XLQ allows you to work with market data in the way you want. No interface or program design restrictions. Create your own layout or easily modify any existing spreadsheets to have them always updated and up to date, even in real-time.