Page 814 - How to Make Money in Stocks Trilogy

90 HOW TO MAKE MONEY IN STOCKS SUCCESS STORIES

Don’t Be Too Hard on Yourself and Learn Patience

In 1995, Jahandar Kakvand was doing some engineering research in the
library and ran across How to Make Money In Stocks by accident. He
became an avid IBD reader after reading the book and, as a result of his suc-
cess in the market, quit his engineering job and became a full-time investor
in 1999.
He dispels some of the myths that surround investing, one myth being
that it’s just like gambling. “Individual investors have a tremendous advan-
tage,” he says. “They can move in and out of the market much faster than
institutional investors, and if you take the right precautions and follow some
simple rules, you can do very well.
“Accept the fact that you’re going to make a lot of mistakes, particularly if
you’re new to investing. In the beginning, it’s like a baby learning to walk.
You have to try and try again, no matter how many times you fall down. Be
patient with yourself. If you are making progress with your positions, hang
in there.
“Some of the key things to remember are not to try and fight the market.
You must respect the market trend above everything else.”
Jahandar had success with Baidu in 2007. “Back in 2007, IBD had been
writing about the stock many times, which brought it to my attention. I
bought the stock at $132 in June 2007 and sold it in October 2007 at $320,
when the stock had a big reversal day on high volume, netting a 142% gain.”

• KEY POINTS •

• Accept the fact that you’re going to make a lot of mistakes.

• Be patient with yourself.
• Don’t try and fight the market trend.
• Read IBD articles to find winning stocks.

Find a Community of Like-Minded Investors

Jerry Powell heard Bill O’Neil speak at an IBD Meetup event in Anaheim in
2011 and said it made a significant impact on his trading. “Bill laid every-
thing out in a very logical way that made sense to me.”