In this video, Pat Walker, the founder of Mission Winners, provides a training session for people who are investing in stocks. He emphasizes the importance of having the right mindset for investing, which is not just about making money but also about having the right foundation and knowledge to make informed decisions. He encourages viewers to do their research and learn from the best, such as Bill O’Neill and Jack Swagger.
Pat then goes over some of the key things to look for in stocks before investing. These include:
- Composite rating: Focus on stocks with a composite rating of 90 or higher.
- Industry groups: Leading stocks generally rise from leading industries, so focus on stocks in the top 40 groups.
- Earnings and sales: Look for stocks with earnings or sales growth of 30% or higher.
- Chart patterns: A clean and simple flat base is a reliable setup to look for.
- Volume: Buying strength is measured by volume, so make sure there is good volume behind any price move.
Pat also emphasizes the importance of using stop-loss orders to limit your losses. He says that it is better to take a small loss than to let a losing position turn into a big one.
Full Youtube Video Here: What We Looked for in 2023 to Win in the Stock Market
Overall, this video is a valuable resource for anyone who is looking to improve their stock investing skills. Pat provides a lot of good advice and insights that can help you make better decisions and avoid costly mistakes.
Here are some of the key takeaways from the video:
- Do your research and learn from the best.
- Focus on stocks with strong fundamentals and technical indicators.
- Use stop-loss orders to protect your investments.
- Don’t get greedy and take profits when you can.
- Investing is a marathon, not a sprint. Be patient and stay disciplined.
