Page 894 - How to Make Money in Stocks Trilogy

150 HOW TO MAKE MONEY IN STOCKS SUCCESS STORIES

His Winning Routine
Kier looks for an average daily trading volume of at least 700,000 (average
daily dollar volume of $70,000,000) and tends to drift toward consumer
stocks that he really understands.
During the trading day, Kier runs various screens while he is watching the
overall market. He also does an extensive analysis of past big market win-
ners. He knows that the patterns of big winners from the past repeat them-
selves over and over: “Like Bill O’Neil always says, the more you know what
past winners look like, the more likely you are to spot a new winner as it is
emerging in the current market.”
In the evening, Kier reads eIBD, the digital edition of the paper, and says,
“The entire paper is a resource tool that has continually evolved and
improved throughout the years.” Every single day, Kier creates a spread-
sheet of the Stock Spotlight feature from the paper because he’s found that
the “big leaders of any market uptrend will appear in this list.”
The New America article is another IBD feature that Kier uses regularly:
“The paper has many sections that help an investor isolate new emerging com-
panies. My most profitable trades have always appeared somewhere in IBD.”
Leaderboard is another product Kier uses to “have another set of eyes
and research focused on the same investment philosophy as I do. As a spec-
ulator, you should not care who comes up with the idea but rather how you
can capitalize on it.”
Kier finds actionable ideas with Leaderboard that dovetail with his own
research: “The annotated charts are an excellent reference tool for begin-
ners or even professional investors like me. I also find the cut list helpful
during downtrending markets to look for ideas to short.”
Kier uses the weekends for studying. He scanned and enlarged the 100
charts that appear in beginning pages of How to Make Money in Stocks and
studies one or two of them each week. It’s the desire to find the next big
winner that motivates and excites him.
Kier believes in giving back and likes helping others learn more about the
market. For the past six years, Kier has taken on two interns from Boston
University every semester and teaches them about stocks and the overall
market. He also remains involved in his local IBD Meetup community,
teaching lessons several times a year over the last four years.
In searching for the next big winner, Kier notes, “Big leaders take time to
develop. Most big moves typically take 12 to 18 months to occur. One has to
be willing to sit through intermediate corrections that are often 20 to 25%