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5th Feb '19 by Jack Corsellis

72 comments 6176 reads

Hi Guys,

I've been a Stocko sub for over 3 years now and trade for a living. Stocko has been a significant part to my success and I use it as my starting place for due diligence.

I decided to start a free website to help others via stock alerts, showing my watch-list and other market content - such as annotated graphs and market commentary. www.jackcorsellis.com

I mainly focus on breakout trading using principles from Mark Minervini and stocks under accumulation (Wyckoff Method).

It is more focused for 'swing traders' looking for ideas now as opposed to deep fundamental analysis on individual companies like Paul and Graham do in their small-cap reports.

Best,
Jack

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About the Author

Jack Corsellis

Premium Member

https://www.youtube.com/jackcorsellis https://www.jackcorsellis.com

72 comments

mmarkkj777

1st Feb '19

Hi Jack,

I'm signing up.

I'm quite old fashioned (and quite old actually late fifties, but still 25 on the inside :-) ) and it's easy to be synical when you get older.

Too easy!

I have always traditionally invested on fundamentals (looking for value and increased earning potential) and have never really given much truck to TA (up to a few months ago).

However, I am currently reading Mark Minervini and wish to increase my performance.

I too now trade/invest for a living. So I'm going to subscribe as I have an open mind. The decisions will be mine, so what is there to lose?

I'll try it and see if it can add value to what I already do, and if I don't like it I'll unsubscribe.

I'm not interested in your previous numbers because I don't copy anyone, but I'm always willing to learn from anyone.

Sent a private message via Stocko with email btw.

Jack Corsellis

1st Feb '19

HollandSmith,

The idea is it's a free service that will give you trading ideas and show you high quality stocks that could reduce your research time and help you to become a more successful trader. It's not for everyone because I trade in a different style to others. If you like breakout trades where you can compound your money quickly in relatively short periods of time, I'd hope you'll find this free service useful. If you consider yourself a very long-term investor this isn't for you.

Regarding track record and monitoring, surely the goal of investing is to become self-sufficient, I cannot put the trades on for you. I will refer back to previous 'stock alerts', but the idea is you can put the stocks on your watch-list and then make informed decisions. There unfortunately isn't enough hours in the day to update a fantasy fund.

That being said, I would welcome feedback for how I can improve the reports and make it more relevant/useful.

Best,
Jack

Jack Corsellis

1st Feb '19

Thanks Mark. I got your message and have added you. Like you say, it's free. If you don't like it you can always unsubscribe!

Best,
Jack

HollandSmith

1st Feb '19

Hi again Jack,

Im a relatively young trader aswell (28), quit my job 3 years ago to do trading full time and have become successful and self-sufficient. I'm definitely not looking for someone to copy, but i do like when people who set themselfs up as share tipters are actually prepared to have a track record of their trades and show everything. Please dont think that i accusing you of hiding anything, but not having enough hours in the days to update a fantasy fund is little comical.

A month ago i made a list of my top 20 fantasy funds -
https://www.stockopedia.com/content/the-screen-of-fantasy-funds-428808/

Basically all im saying is, if you want to be a respectful tipter, do not merge the lines between watchlists hindsight and actual orders, which a fantasy fund deals with.

I do hope you reconsider

Cheers

seismo101a

1st Feb '19

I dont believe Jack is tipping any stocks. Its purely a watchlist to monitor stocks that are setting up in a trading pattern that might breakout favourably.

I like Jacks style, it resonants with those that trade in a similar fashion.

I always look forward to his youtube updates.

Jack - for the watchlist. A suggested improvement would be if you differentiated between london and us stocks. Seperate columns or something like LSE:GAW or Games Workshop (LON:GAW) for gamesworkshop etc.

Jack Corsellis

1st Feb '19

Seismo, thanks for the support.

You've hit the nail on the head for what it's suppose to do and not do. I show the trades I've entered on my YouTube videos so HollandSmith perhaps that will help give credibility, which I think is what you're after?

Noted on segregating between UK & US - good point.

Let me know if there's any other improvements I can do. I need to make the annotated charts a little bigger and clearer so they are easier to read! It's a work in progress!

Best,
Jack

HollandSmith

1st Feb '19

Hi again,

Nevermind - it was just a suggestion. :)

Already subscribed to you a week ago with the bell icon on :P- i guess i will never accept why having a formatted locked trade history is a bad idea. If i remember correctly MM said he has a 50/50 profit loss account, where he cuts the losers quick and runs the winners. You could neatly prove this with a ...... Nevermind :)

Anyways - wishing you well
Cheers

Jack Corsellis

1st Feb '19

Thanks for Subscribing... Haha it's all about the bell icon! I track all my trades in an excel spreadsheet so I'll be sharing that from time to time! This is mainly with the view to showing people how to know your success rate and therefore optimal bet size based on facts and not assumptions using the Kelly Criteria. I think it's also good to then plot a Bell Curve to visually see your wins vs losses in terms of monetary percentages.

I get rather analytical! Some people like that, others don't.

Thanks again for Subscribing
Jack

chillyhill1

1st Feb '19

Hi Jack,

Good luck with your work, I've always taken the view that if I feel I'm learning something from other people's ideas / websites it's got to be good if not I'll leave. From what I've seen you've got some good theories and it's nice to see someone doing this in the UK rather than all the similar US based sites.

Cheers

Jack Corsellis

1st Feb '19

Thanks Chilly for the support and feedback. If you, and others, don't mind answering a few quick questions it would really help me in terms of relevant content for subscribers.

1) What would you consider your current investment/trading strategy is?
2) What is your reason for trading/investing?
3) What type of information would you find most useful to make you a more successful trader/investor?

Best,
Jack

mmarkkj777

1st Feb '19

Hi Hollandsmith,

I agree that in most things in life Trust....then verify, is the best approach. However, for an out and out trader, keeping track of everything on a fantasy fund screen, I would expect, would be a real bind.

Instead of watching the market, you would have to be messing about setting up buys, with the (quite long) delay....which is fine for investments. You might even be in and out (in real life) before the fantasy transaction has registered, when trading. So I don't find the comment, "not enough hours in the day" comical at all.

I sometimes find, on some days, I don't have enough hours and I'm not even trying to share with a community. (my fantasy fund is actually an abandoned watch list set up the middle of last year (which has still beaten the market strangely!).

Btw, good luck with the trading for a living. I was never brave enough to give up my day job when I was younger (too many commitments). Hats off to you.

seismo101a

1st Feb '19

Jack, my answers to your request

1) A bit of a mix but mainly stocko screen combined with a chart pattern (flag, cup with handle, VCP, breakout from a trading range etc). I go both long and short.
2) So that I have enough cash (capital) so that i have the option of being able to leave work and comfortably trade full time or have the option to bring forward the retirement date
3a) Anything on swing trade chart pattern recognition, price / volume action (but not interested in candlestick patterns or fibonachi).
3b) Key learnings / takeaways from successful trend / chart pattern traders
3c) Money / risk management.

Jack Corsellis

1st Feb '19

Thanks, that's useful to know so I can start tailoring.

William K

2nd Feb '19

This is a kind offer, Jack. Thank you. I've put my name on your mailing list and will use your suggestions as a starting point for research. Best wishes, William

brileen

3rd Feb '19

Hi Jack
I have looked at your videos and have now subscribed.
Few answers to your questions above.
1 My trades are long only. Stock ideas are obtained from my own research and from a number of sources (of which your email will be one). Then extensive analysis of the stocko screen, followed by a simplistic look at the chart.( Is the SP trading within a range). Can I identify a pattern.
2 I am retired and over the years this has been a very profitable hobby. I have no wish to look at a screen for too long. An average of 1 to 2 hours a day is fine.
3 Any thing that improves my ability to sell on time to maximise profit.

Thanks for the offer of an email. I am always willing to learn.
Regards
BB

Jack Corsellis

3rd Feb '19

Thanks for subscribing. Points noted on what will be useful to you. You've touched on a good point there, selling of often overlooked. Many people put considerable time and thought into when to buy a stock but not when to sell. I'll cover optimal times to sell in the emails. However, no one can consistently pick tops and bottoms. Better to focus on consistently making profits.
Best,
Jack

Jack Corsellis

3rd Feb '19

To all that have subscribed I'm having some trouble with Mail Chimp (the email service provider) when the issues are resolved I'll send out the reports.

Jack Corsellis

5th Feb '19

Still having some troubles with Mail Chimp guys, so here is my current watch-list for UK & US. Trying to resolve issues ASAP.

Jack

Snoo

5th Feb '19

Signed up, thanks.
Maybe it would be useful to explain the thinking behind the trades. I find Minervini quite confusing at times, it seems to me that many of the VCP setups have quite different charts.

Another thing, report your trades in real time.

One thing that really annoyed me about the Naked Trader, is that all his tips are two weeks old by the time he declares them. A while back I made a spreadsheet logging the prices he claimed versus the price the share was at by the time he disclosed the purchase on his blog, I was quite suspicious about the vast number of times he would already be in the green - it was the majority of times.

I really do suspect (obviously with no way to prove) that there is quite good motivation to simply scrub the bad trades to make his figures look better. You would think with his success (on his ledger I count an 80%+ strike rate with wins much bigger than losses) you would be confident enough to progressively raise the stakes.

To be fair, he isn't alone, on Twitter and the like there are many people who are very loud when it goes right. It would be interesting to read real accounts from when it doesn't go right as some good lessons can be learned.

0ctag0n

5th Feb '19

With regard The Naked Tader, on his seminar days he uses his own live accounts to discuss / make trades. I have seen it and, considering the funds there, I can believe his wins are considerably more than his losses.

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Jack Corsellis

72 comments

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