My Stock Strategy......I'd love to hear feedback.

Let me first say that I am VERY new to the stock market. I sort of made up my mind about 2 months ago to get in on the action and just bought my first 2 stock purchases 2 weeks ago.

For the past couple months I've downloaded every book and video I could find on the subject of stock trading and even downloaded some online courses as well.

But as much as I've read and watched so far, I've thrown out the window and developed my own strategy for stock purchases. All the courses and books I read were about reading the charts and using them to predict price fluctuations but my strategy don't have much to do with the charts at all.

Here it is.....but like I said I am INCREDIBLY new at the stock market so I don't have a clue if this is a good idea or not or if I'm doomed to failure so I'd love to hear your thoughts....


I do searches for stocks that are at 52 week lows. Then out of the results I look at the stocks that are fairly cheap to buy (like $0.5 - $25 range), I look at their past history to see their peaks price in the past. So if a stock is at it's 52 week low and is at about $8.00 per share, but then I see in it's past it was once $40 or $50. Then I put that on my watchlist.

From there I look at analyst reviews of the stocks on my watchlist to see if they are set to buy, hold or sell. If the stock is set to BUY than I study it even further and I look for analyst reviews of the stock and see what they think the price will be over the next 52 weeks.

So if a sock right now is $8.00 and had a past peak of $40 or $50, and then analysts are predicting it to gor to $30 or higher, I then put that on my buy list.

And that is how I'm choosing my stocks right now.

Out of the 2 stocks I bought 2 weeks ago I'm up 5% after the crashes this week. There was a stock i was ready to buy last weekend that I used this strategy for,, and was ready to buy but I did not have funds in my investment account at the time so by the time I transffered funds and then bought the stock I thought it would be too late so I passed but on Monday that stock went up 65%!!!!!!!!!

That was only the thrird stock I was ready to buy since I started and I hit a huge winner like that already?!?! I missed out on it (sadly) but I still picked it using my strategy.

I hope this all makes sense to you seasoned in the stock market because I would love to hear your thoughts on it. Good or bad.

And I hope even the 1star bandit will add his 2 cents as well.