Page 716 - How to Make Money in Stocks Trilogy

20 HOW TO MAKE MONEY IN STOCKS SUCCESS STORIES

As a leader, he engages the group with quizzes to cement key learning
points in between meetings. He also has his group participate in creating
a mock portfolio to see what kind of gains the group could generate from
stocks that were discussed at the monthly meetings. Prabin says, “I am a
continual student of the market and work hard so I can help my Meetup
group members find success with IBD.”
Dennis Wilburn is an IBD Meetup leader from the Bay Area Money
Makers, or BAMM for short. The group is “dedicated to technical analy-
sis and, as a group working together, to achieve financial freedom by fol-
lowing CAN SLIM trading techniques.” The group first discusses the
current trend, builds a watch list of superior growth stocks, and goes over
proper entry points and position size as well as exit points, primarily using
the IBD 50. One of Dennis’ most quotable statements is to “clarify and
simplify so you multiply.” Having studied many different investing
methodologies, he has “found the IBD 50 to be a treasure trove of the
market’s best performing stocks. This is where the big fish hang out. If
you apply strict trading strategies and follow the overall market trend, you
can do exceptionally well. That’s because the IBD 50 stocks have to pass
stringent criteria before making the list.”
Norm Langout is 80 years young and the IBD Meetup leader from Santa
Monica, California. This was one of the first IBD Meetup Groups in the
country, which Norm started at a Starbucks before moving to a Coco’s in
2003. Norm believes strongly in volunteering and doing community work
to help other people. He also thought that by starting an IBD Meetup
Group, he would find other investors with whom he could discuss the
market and stocks and thought “we could learn from each other.” Norm
has been a good mentor and has spawned several IBD Meetup leaders
that originally started with Santa Monica IBD Meetup, including Mike
Scott, the Thousand Oaks IBD Meetup leader; John Mackel, the
Pasadena IBD Meetup leader; Sherman Neff and Louis Gabriel, the
leaders from the Sherman Oaks IBD Meetup Group; and Jerry Samet,
who helps teach at several IBD Meetup Groups.
Ted Leplat has taught over 250 IBD Meetup Groups across the country as
an IBD national speaker and educator. He says, “Investing is the greatest
opportunity, and everyone can learn to profit from the market.” From his
vast teaching experience, Ted realizes that most people are short on time,
so Ted has a simple routine that he teaches to the Meetup groups: