I suggest starting with $5000, and investing $100 in pretty much any signal in these NASDAQ type stocks at low prices. Daily bar buy signals seem to promise a double or near double in a matter of days or weeks, a fair percent of the time, and monthly bar buy signals seem to promise 10 or more times appreciation over periods of months. I suggest a mix of the two types of trades, $100 per trade. (A trade, folks, is an investment. You're investing in your predictions, and then you either win or loose.) The idea is to seize every opportunity rather indiscriminately. With $5000 in your account and making each and every time a $100 investment you can initiate 50 trades on your initial stake. That's a lot of trades, or, at any rate, should be enough.
If you have 50 open trades, will you be able to track them all? You do need a system for that. (You are looking at such a system now.) Some say you shouldn't watch your stocks, just hold for the long term. They're probably right, but I still don't like it. On the other hand, we're talking about trying to sell for a double. You could do that without watching - just place your sell order and wait for it to fill. (Placing an order: to sell, limit(your target price), good until cancelled.) We have, however, seen examples of near doubles, and discussed how to predict them and where to sell them. Don't say I said it was easy. I didn't. But it might be possible. As for the long term trades, they do have targets. Also, they do make tops (that last a long time) so pure buy and hold is not without its issues. Put it this way: a case can be made, I think, for watching your stocks, whether it's in fact smart to do or not.
Also, if you are investing $100 at a time, you simply must double or nearly double that to make money at all. You're basically committing to that double when you initiate a $100 trade. We're looking for stocks with the potential to double and a likelihood of doing so, period. That's our number 1 requirement. And then we want to also invest in situations with the potential to go up ten times or more. Those are our long term trades, the ones we see in the monthly bars. Why a mix of the two? Because it seems like we can get quick doubles for quick cash - and, if it's true we can do it, why ignore the opportunity? - and then it seems like we can get really big appreciation on trades with a somewhat longer planned holding period (that could be a lot longer, too), which looks like a separate opportunity, and, if it's there, why not take it?
