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Preston,
Thanks a lot for your prompt response
The positions are the following:
Date Symbol Price Qty Type
Jan 5/2005 SUNW 4.69 5700 Long
Jun 3/2005 YHOO 38.76 500 Long
Aug 2/2005 EBAY 44.80 800 Long
I would like to learn which kind of indicators apply for this stocks
in order to take a correct decision.
Please let me know any suggestion or recommendation about it.
I really appreciate your help in this issue.
Regards,
Carlos Sierra
Carlos,
TA is not a quick study. You will need to devote a good bit of time
to learning it correctly. For now close your trades if they are
losing.
Next, tell us what 3 positions you took. Maybe we can give you some
insight into what's going on with them.
Finally, get yourself some good resources...books that explain TA.
There are any number of good ones available and I'm sure several
members of the group will happily share their thoughts as well. As
you learn the methods paper trade them until you are comfortable with
the method. Remember that just because an author says his system is
the cats meow or the holy grail don't believe it until you've checked
for yourself.
You should concentrate on system development and money management.
Once you have conquered those aspects you can look into getting back
into the market.
regards,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "carlosarturosierra"
<carlosarturosierra@xxxx> wrote:
> Hello Everyone,
>
> I have been making trades for two years in a manual format using
> fundamental analysis but rigth now I am starting to use Metastock
and
> I think it is better to take decisions base on technical analysis
and
> avoid emotional decisions.
>
> Right now, I have opened three long positions and all of them are in
> the lost zone.
>
> I would like to use this powerful tool in order to choice the best
> time to sell them and try to have profit. So that I want you can
coach
> me in this beginning process.
>
> I look forward for your advise.
>
> Regards,
>
> Carlos Sierra
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