Professor’s Comments feedback 12-29-2013

Posted by professor  at December 30th, 2013

As most of you know, I receive a lot of emails from students during the week.  Most of them ask questions about The Professor’s Methodology or want clarification about certain techniques or indicators.  And as I have said before, I’m always happy to answer these questions.

The other type of email I receive is feedback.  And while I love hearing from my students, I usually don’t post them, mostly because they are way too gushy.  You wouldn’t learn anything from them.

But during the past few weeks, I spent a lot of time talking about the coming rally.   I discussed how I use the Professor to confirm a DMI turn.  Then I talked about how I use Emeritus to identify stocks that will likely participate in the ensuing rally.

I did this for a reason.  I wanted you to be ready.  I wanted you to understand all the tools in The Professor’s Methodology, so you could participate in the rally.

Anyhow, I received an email from Gene S. this morning with feedback that I thought I would share with you.  It’s not the gushy type.  Just facts on how one student prepared himself by understanding all the concepts of the Methodology, including money management, and then participated in the rally by buying stocks from the Honor Roll.

Here’s Gene’s email in its entirety:

Professor,

Here is some feed back on your WSR follow up today.  I have been having success following Emeritus since the Fed announcement, having successfully traded GE, PHM and GPOR.  When LEN was highlighted on the Honor Roll, I bought PHM as my home builder play because I had been tracking it as a turnaround candidate.  It has performed well so far as I have already managed my money and am letting the rest run to my target.  I bought GPOR as my energy play once it appeared on the Honor Roll and the indicators turned green.  It made an immediate pop to 62.13 but then pulled back to form a small blade.  I still own the stock and have a small profit right now, AND I see the same 7-point stick you do.  I bought GE the day after it appeared on the Honor Roll and sold it Friday with the RSI at 99.22, having made a nice profit.  Finally, AMGN made it’s appearance on Friday’s list, so with the MACD turning green earlier in the day and a nice blade completed on 12/18 after a 13 point stick, I plan to buy a few shares on Monday IF the market continues to roll higher.

I have been buying half positions, taking your advice to be conservative since the Professor wasn’t giving his best endorsement for this turn.

Thanks for making these great tools available and taking the time to explain how to use them. Trading is a lot easier when the odds are on your side.

Gene S.

I love feedback like this!

h

BTW, Gene’s email was not the only one I received like this.  I’m not sharing the others because they didn’t talk about how the sender used The Methodology.  My other students don’t learn anything just by reading gushy emails.

Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
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All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.