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Discipline Makes Money from Stocks

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Every stock that I present on my Watch List in Stock Surge Daily has to have real reasons to buy.

I put them through my Surge Stock Indicator (SSI). And they have to prove out to make the cut before I then do more work and analysis on them. And only after more and more work to make my final cut – do they make it for each week’s presentation each and every Monday in Stock Surge Daily.

And the SSI keeps netting market beating returns including last week – when the market was well, not good. My Athene Holdings (ATH) beat the market and is trading up strongly yesterday. 

And this week – that’s just underway – my Pool Corporation (POOL) is already out of the blocks up nicely.

And to get my full rundown on my Surge Stock Indicator (SSI), you need to read my special report: The Magic of the Stock Surge Indicator (SSI) that you can download for free right here.

To see this week’s collection of stocks on my Watch List, click here to see them on the Stock Surge Daily website. And as I just noted, we’ve got some stocks that are moving up right now.

All of this takes work and more importantly, discipline.

Because on any given day – I see plenty of stocks that are catching folk’s eyes and attention – even mine. But I have to temper any enthusiasm with my disciplined approach to buying stocks. Otherwise – trouble can and will ensue.

Take for example a tweet that I saw pop up from Mark Minervini:

Mr. Minervini runs Quantech Research Group and Minervini Private Access that are online newsletter stock picking services. And he has had some investing books published over the years.

I follow Mark and like some of his work. But what has struck me is that he readily admits that no one ever knows what a stock will do next.

And this really resonates with me – as I never will throw a flyer on any stock without my SSI research backing it up – even if it does appear to be a deal.

Case In Point: What Not to Buy

Earlier this week, I came across Encore Wire Corporation (WIRE) in one of my scans.

The stock has everything going for it.

Earnings growth, accelerating sales, strong price action…

The stock was even setting up in a textbook breakout pattern.

Shares were consolidating in a tightening range.

Volume was sinking as it usually does before the surge higher.

I was tempted to buy early – to get in a couple dollars cheaper before the stock broke out.

Luckily, I resisted.

Stock trading requires discipline.

I knew I needed to wait for confirmation.

And it’s a good thing I did.

Suddenly, the stock collapsed.

Shares were down 7% on no apparent news.

It is easy to get romanced by a stock – to believe so strongly in the business or the fundamentals or the story that we convince ourselves it HAS to go up.

But this attitude is detrimental to your success as a trader.

All stocks are bad unless they are going up.

I don’t care if they just developed the cure for cancer.

If the share price is falling, it is not something I want to own.

And you shouldn’t either.

Price is king.

Nothing else matters.

The rest is just noise.

Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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