This message board was previously called "3 Stocks on Fire Portfolio Message Board", as most of you know, as I used it to the management of that very concentrated Portfolio. There were three objectives to this board:
1) To turn a small trading account ($15,000) into a respectable investment account ($150,000)
2) To cover many stocks that could be potential candidates for the bigger Portfolio, the Main Portfolio
3) To attract new subscribers to the 3 SOF Premium Service
The first objective is still ongoing, as the 3 Stocks on Fire Portfolio
continues in the Premium area of the website. However, I've seen what has always happened to me before, the "hot hand", "cold hand" phenomena, because in the first month or so I drove the 3 Stocks on Fire Portfolio
up 80% and now it is up "just" 40% since inception in January 19, 2007.
The second objective was accomplished, as I covered about 300 new stocks in a short period of time, as you can see on the Stocks Covered List
and the redesigned Video Analysis
section. I'll keep studying between 1 and 3 new stocks a day with an in depth video analysis.
The third objective was partially accomplished, but subscribers were attracted by short term performance, and it is impossible to always maintain high short term performance, so those subscribers were "weak hands" (no offense, I mean, they were very short term oriented traders) that left the Premium service when some inevitable adversity kicked in. So, the path that I took to grow www.3stocksonfire.com
as a company wasn't the right path, as I was adding costumers with a high churn rate.
Over time we've exchanged many trading experiences and methods of analysis, so I believe it was well worth the effort. But now there isn't much more to do here.
We could keep on running those polls to find stocks to be covered, but I would like to look for them myself from now on. I'll be actively participating in the other free boards of www.3stocksonfire.com
, especially the Stock Picking Board
The "Understanding Options" thread
, which has great following, will be moved to the "Options
" message board tomorrow.
I don't know if you've noticed, but we have our "Chat
" back. I'm thinking that the direct and "personal" contact was also one of the things I enjoyed about this message board, so I'm thinking that I should work to revive the chat, being there at a fixed hour everyday. Yes, I'll do that, I'll be at the Chat
from 11 am to 12 am (US ET), so we can discuss individual stocks, the general market, trading strategies, different financial products, whatever. If you have time, give me a visit
Above all, thank you very much for your participation and interest!