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Registered User
Joined: 3/3/2005
Posts: 1
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Do you have any tips or formula i can use so i can make money on stocks about to rise...
thanks,
marie
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
The trainers can't give setting, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum so other traders will be more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 264
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Yes. Rule 1: Buy Low. Rule 2: Sell High. Good luck.
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Registered User
Joined: 12/31/2005
Posts: 2,499
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QUOTE (Golfman25) Yes. Rule 1: Buy Low. Rule 2: Sell High. Good luck.
I was so tempted to make the same post, but saw that this was her first post ever, after being a member since 2005.
Marie,
There are no known formulas that work for everybody. It depends on your temperment and how frequently you want to trade and how much time you can give to follwing the markets, along with your available capital and are tolerance for risk.
Depending on your approach, getting to know the answers to these questions can be and expensive educational process.
One question is why you asked the question. If you have been trading and are not happy with the results, then you have already started your education and you have some valuable information to use for some self assessment, to move toward some ot the answers. Looking back over past successes and failures can be more valuable then any formula or tip offered up here.
Remember, that advice given is often worth much less than what you pay for it. So beware.
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 Gold Customer
Joined: 11/11/2006
Posts: 359
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Marie: Heed Jas0501 (And others!)
Depending on your risk tolerance and time frames, there are several ideas on the Forum worth considering.
Diceman has given some on recent posts. You should view them.
JohnDavidHall will, on occassion, use a 20/20 Channel. This is proberly as good as anything out there.
First you create an indicator for the 20 day upper boundary for a stock: MAXH20. Price scale, Smoothing Ave "1" and check "Visible"
Then you create a lower 20 day boundary: MINL20. (etc. etc.)
The Idea is to buy when the upper boundary is broken and sell when the lower boundary is broken
It is nice to put a mid-line between the two: MAXH20-((Maxh20-Minl20)/2
If the equity is between the midline and the upper boundary, it is in the "Sweet Spot".
Do not trade this system, or any others, without spending some time playing with it. Go back a year and move forward one click at a time and see how well it works.
A place to get you started. Good luck.
Mammon
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Registered User
Joined: 12/31/2005
Posts: 2,499
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Here is a trick that may help you find some information nuggets:
Proceed to Stock and Market Talk (and click on the column header Views. This sorts the topics by most read. Then proceed from page to page [2], [3], [4], etc. The more captivating topics, based on readership, will appear at the top, often being a discussion aroound trading.
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