Originally Posted by PatsFan1283
That was just the beginner book to cut your teeth with. It was intended to just give you an idea. If you are ready for deeper reading on the subject I can send you more info.
It gets deeper and deeper. I just sent you that info to get you an idea.
Although that book was not very deep, the author of that book is George Soros right hand man. He gives Mr Soros the ins and outs of the inside daily.
As for HOTT.
Thats a great example of my weakness.
I am having a hard time learning when to sell a stock. It is much easier for me to figure out when an insider is bullish on a stock then it is for me to figure out when an insider is bearish.
There are many legit reasons for someone to sell stock that has nothing to do with an insider being bearish.
This has caused me to sell stock and leave money on the table.
I left HOTT too early.
Its still going up, but I just have to look at in the perspective that I almost doubled my money in less then 3 months.
This is what I did to test my strategy about 2 years ago:
I looked for bullish insider buying using a real tough criteria.
I left all the semi bullish insider buying off my screen.
I just found about the 20 most bullish insider stocks I could find.
I put them all in my stock screen with the date and the last sale and ignored it for a year.
I came back a year later and compared the current price to the price I put it on my screen a year earlier.
Out of the 20 something stocks only 2 or 3 was worth less then they were a year earlier.
I had one that was almost 5x more then it was the year before.
When I added all the stocks together, they out performed the market by over 3x during that period.
Yes I know the market was up overall by a good bit during that time, but not nearly as much as the stocks on my screen.
That was the day I started trading 100% on insider trading.
I have been happy ever since.
