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There are no indicators that will guarantee a
particular outcome..
There is always uncertainty..
TA helps in the money management and without MM you
are dead.
Without talking your time frame any discussion is
worthless..
----- Original Message -----
Sent: Tuesday, August 09, 2005 10:57
AM
Subject: [EquisMetaStock Group] Re[2]:
looking for Coaching in Stock Market
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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