Page 749 - How to Make Money in Stocks Trilogy

48 HOW TO MAKE MONEY IN STOCKS SUCCESS STORIES

says Gennady. “With investing, you’re trying to put the odds in your favor.
Unlike gambling in a casino, you can walk away from a trade with a small
loss if it begins to go against you, because you’re following a set of sell rules.
But once you place your bet in the casino, try telling the dealer that you’d
like a brand new hand because you don’t like the way he dealt the cards.”
Over the years, Gennady has taught and attended many IBD Meetup
Groups. He found one great stock in 2007 by attending a New Jersey IBD
Meetup. “For some reason, the energy stocks had escaped my radar,” says
Gennady. “When I heard the Meetup group discuss the triple digit earn-
ings in First Solar, I did more research and ended up profiting nicely from
the stock.”
By being in the market at the right time and obeying his rules, Gennady
has notched some nice gains over the years.

Dell. 1995–1997: 529% gain
First Solar. 2007: 66% gain
Fuqi International. 2009: 52% gain
Abercrombie and Fitch. 2010: 38%

• KEY POINTS •

• Wait for a follow-through day.
• Don’t gamble in the stock market; keep a set of rules.
• Attend an IBD Meetup Group, and learn about stocks you
may not be familiar with.

Finding Stocks with a Simple Daily and Weekly Routine
and a Winning Attitude
Ken Chin says, “I go through the print version of IBD with a cup of coffee
in the evening, circling stocks in various features of the paper that may be
approaching a potential buy point. I’m a dentist, so during the day I’m
pretty busy, but in between treating patients, I go to Investors.com and
quickly check Stocks on the Move to see which stocks are moving up in
heavy volume, signaling that institutions might be buying shares of a stock
that I’m interested in.