Page 754 - How to Make Money in Stocks Trilogy

Breaking Boards: Successful Trades and Lessons Learned 51

“On the weekends,” continues Ken, “I read through the Friday edition
of the paper, paying special attention to Your Weekly Review, and the
Monday version of the paper, which has the IBD 50. Both of these sections
have mini charts with a description underneath them of the stock’s base
pattern and the potential buy point. This provides me with a quick and easy
watch list of stocks.
“I also study The New America articles. As creatures of habit, we return
to stocks that have made us money in the past and shun those that haven’t.
The New America articles have opened my mind to companies that I never
would have considered because I didn’t know enough about them.”
Ken says, “‘A mind once expanded will never contract to its original
dimension.’ I can’t take credit for those inspiring words—they belong to
Oliver Wendell Holmes—but IBD often prints these inspiring quotes in its
Wisdom to Live By column. These quotes help me maintain a winning atti-
tude, which is just as important as finding a winning stock. Without a win-
ning attitude, you’ll limit yourself on how far you can go.”
That winning attitude has helped Ken achieve some stellar gains:

Baidu. 2010: 212% in 18 months
Apple. 2011: 91% in 18 months

• KEY POINTS •

• Check Stocks on the Move at Investors.com for stocks mov-
ing up on heavy volume, indicating institutional buying.
• Develop a nightly and a weekend routine for reading the
paper.
• Study The New America articles to find potential big winners.

Follow the Market and Look for Setups and Breakouts

Randall Mauro is a portfolio manager for an investment firm in Colorado.
He uses the CAN SLIM Investing strategy for his personal trading as well as
for clients’ portfolios.
“When looking for positions to invest in,” he says, “I always start the process
by gauging the strength of the overall market (the “M” in CAN SLIM),