Meetup
(GIG) Greendale Investment Group
NEXT MEETING
Monday March 27, 2023, 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
OUR FACEBOOK GROUP: – Greendale Investment Group
https://www.facebook.com/groups/633185681114066
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!
+++++
AGENDA
1. Opening Bell – Let’s get ready to trade (info)
2a. Welcome!
2b. Read Disclaimer
3. TOPICS:
a. How to stop losses
b. Forms of Wealth
c. Money Quotes
https://docs.google.com/document/d/18gG7bvJokaz5MAl8a0-d9F8u-gOBcSBVX2MPIui1KzM/edit
d. Inflation Adjusted Dow’
e. Dogs of the DOW – High-yielding stocks (like MO and VZ)
https://dogsofthedow.com/
f. F.I.R.E. = Financial Independence Retire Early
https://www.sloww.co/fire-101/
g. “The NUMBER”: What you need to retire
https://docs.google.com/spreadsheets/d/1foqQDnL0h1UdnNUqbBwN8PBhlPvTB8ZMKprEV9eSELM/edit#gid=1337901133
h. Inflation-Tax-Table “The (Rarely Seen) AFTER-Tax, AFTER-Inflation spreadsheet”
https://docs.google.com/spreadsheets/d/1dEGccWg0eRDjvUhCp9IeqLymxkjcX8HH2JZgkCKmCno/edit#gid=67603637
We have very lively discussions. Past attendees have told me that the time spent in our 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.facebook.com/groups/633185681114066
–Herb Ripka
http://herbripka.com/meetup/
FUTURE MEETINGS:
Monday March 27
$$$$$ ***** $$$$$ ***** $$$$$
EXTRAS
Start by going to IBD University and Review the Information. Investor’s Business Daily
Learn to use the Time Saver Table, General Markets Indicator, and Psychology Indicators. Read the Big Picture every day.
$$$$$ GIMG Book List
Read The IBD Bible – How to Make Money in Stocks by William J. O’Neil, who was the founder of IBD.
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques by William J. O’Neil
Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
Reminiscence of a Stock Operator by Edwin Lefevre
Market Wizards by Jack D. Schwager
How I made $2,000,000 in the Stock Market by Nicolas Darvas.
Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder
Trend Following by Michael W. Covel
$$$$$ GIG Disclaimer:
Investments are not insured or guaranteed. “Investments” may lose value. This website is not an offer, solicitation of an offer, or advice to buy (or sell) securities.
Any information presented or discussed as a part of this presentation is only opinion.
It should not be taken as advice and should not be acted upon.
This information is presented to be educational. Your individual financial requirements have not been taken into consideration.
As always, one should seek appropriate professional advice before entering into financial or other arrangements.
$$$$$ GIG GOALS:
Our Group Aims For Three Goals: 1-MAKE MONEY, 2-HAVE FUN, 3-LEARN. Your participation, while voluntary, will help us achieve at least two goals. Which ones? Well two out of three ain’t bad.
No real estate, there is other groups for that.
No politics or religion.
No gold or collectibles or coins, unless you want to.
Touch on fundamentals, not emphasize it like NAIC.
Mainly technical trading, leaning toward Nicolas Darvas’ “techno-fundamentalist” & William O’Neil
If its handled by a stockbroker, we’ll cover it.
OUR EMPHASIS: IBD (Investor’s Business Daily) CANSLIM by William O’Neil, Market Wizards (see Jack Schwager books), Jesse Livermore, Nicolas Darvas, Ed Seykota, Richard Dennis, Trend Following by Michael Covel, Turtle Trading.
E.G.O.= Everyones Got an Opinion — Herb
That is what makes a market!
$$$$$ GIG LINKS
(GIG) Greendale Investing Group – THIS PAGE
http://herbripka.com/meetup/
Herb’s Investing List on Twitter
https://twitter.com/HerbRipka/lists/investing
FinViz Screener Test_Macro
https://docs.google.com/spreadsheets/d/1UEXklnwIGyPRRfUjUGAc0h-dnu0m3JnblCtsvpyh5ys/edit#gid=0
Stock Concepts
https://docs.google.com/document/d/1QHHNNG9ucnEzNUZa_Rn1aeLQf_E0WX1DX8L3qoOFqkc/edit
Creating Your Own Trading Plan
https://docs.google.com/document/d/17oDIaXTbxfsWUfmPd5qHySq4TqJ9NSzA/edit
This document “Creating Your Own Trading Plan” is a great transition from our discussion of the Three M’s to our next topic on “7 Parts of TRADING”
7 Parts of TRADING
https://docs.google.com/document/d/1YsBTfj3kqeDtH9t2FkrftmltvVInf-wNJI-jESRodW8/edit#
1. Trading Plan
2. Trading Strategy
3. Trading System
4. Trading Tactics
5. Trading Metrics
6. Trading Review
7. Trading Fruits
Tracking Your Portfolio
I showed this spreadsheet at the July meeting: Stock Tracking via Google Finance – DEMO
https://docs.google.com/spreadsheets/d/1CapKq3wSVckjKYp6_KpneR1DauA6qud0eFZiZqecIzI/edit#gid=0
This spreadsheet uses GOOGLEFINANCE and StockViz data
Confessions of a trader
A place where you can anonymously post your trading struggles
https://confessionsofatrader.com/
Money Quotes
https://docs.google.com/document/d/18gG7bvJokaz5MAl8a0-d9F8u-gOBcSBVX2MPIui1KzM/edit
$$$$$
https://www.newtraderu.com/
https://twitter.com/SJosephBurns/status/1344995980106735619
University of Finance Twitter:
Options: @DanFitzpatrick
Backtesting: @TrendSpider
Stocks: @DanZanger
Education: @MarwoodJB
Forex: @austinsilverfx
Patterns: @Trendspider_J
Price Action: @priceinaction
1 on 1 Mentor: @GossettTrading
Psychology: @TradingComposur
Finance: @dmuthuk
$$$$$
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.