Would you agree with this "stock advice"?

For the last couple of years I've tried to learn all I can about the stock market and make good decisions with my investments. I'm just starting, but here's what I "think" I've learned over that time. Tell me what you think.

1) Disregard the mass media financial advice. If Jim Cramer and CNBC are recommending a stock or sector, chances are big money is trying to sell you their shares, and a top is imminent. If Goldman Sachs is upgrading, run. If they're downgrading, I'm interested.

2) For your microcap spec plays, look for stocks with a float of less than 20 million shares with recent (within the last year) insider buying.

3) You want earnings winners. If a company beats estimates and gives optimistic guidance, that is a good start. Be careful about tax deferments and other shenanigans that can inflate the EPS number, however. If a company reports an annualized EPS that gives me a 10x multiple or less, and I think it's sustainable, I get very interested.

4) Look for clues in the conference calls and quarterly releases. Study the language used by the CEO. Compare it to the language used in previous releases. It's amazing how much you can learn by listening to and reading management commentary (some companies are more divulging than others).

5) Use weekly charts and simple moving averages. Daily and hourly charts might give you short-term clues, but weeklys are much more reliable. Monthly charts can also tell you a lot about long-term sentiment.

6) Price and volume are your two biggest concerns. Stick to the bread and butter. You want stocks that have big volume during an advance, then a nice and quiet, low-volume consolidation period. If a stock has a history of exploding off the 10-week moving average, I'm interested if it's settling back to the 10-week after a consolidation.

7) Beware "overhead supply". If a stock has been beaten down recently, there will be many bagholders looking to sell the minute they can "just get back to even". Instead, look for a stock with a good sideways base of several months - chances are the current holders aren't going anywhere.

8) Use the NASI summation index breadth indicator. On Stockcharts the symbol is $NASI. It's a useful measure of money flow into, and out of, the stock market. I use it to decide how much risk I'm willing to partake in.

9) Use tight mental stops/alerts. It is a battle of emotional fortitude and discipline. Don't watch every tick or you will go nuts. Instead, set alerts on your phone to notify you when your stock gets to your buy/sell point. If you submit a stop loss order, it can act as a magnet and stop you out every time.

10) Even having said #9, you still need to have tight mental stops in place in order to stick to your plan. One of the hardest things is to admit defeat. But you have to cut your losses or else you will have a portfolio full of stocks in the red as you stubbornly refuse to sell. It might seem like stop loss after stop loss, but you are minimizing your losses while scoring big on your wins. The idea is that even if 80% of your trades are small losses, the 20% wins should be huge if your research was sound.

11) Speaking of those big wins, you have to let your winners run, but that doesn't mean you can't sell part of your position if you feel you are up at a high-risk level. If your stock advances 20% in a day or two it might be a good idea to scale back your position and book some gains. Then let the rest run for you. It is a very unnatural feeling to not sell your entire position when your stock has a paper gain of several hundred or thousands of dollars. But letting at least part of your position "run" is where the big money is made.

I just realized what a wall of text this is. Feel free to hammer away or just pick 1 or 2 points to comment on