| somagish |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Wednesday, November 1, 2006 |
| Friday, January 5, 2007 11:51:35 PM |
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Hi, I want to chime in here as well because I like what I am reading
I liked what rmr1976 said:
What makes you think there is some magical number that, when plugged into an indicator, will make you money by following it?
These points really hit home for me because I consider myself a new trader
still in the learning process. I wanted to say to you that when one starts playing around with formulas and indicators and backtesting... you are going to find some indicators that seem to hold true and then you will mentally convince yourself that you discovered something that no one else on earth knows. You will then use that formula convinced that you are going to make a ton of money because it is flawless, and you will most likely lose money on the trade. The important thing to learn and realize is different formulas or indicators will work for different investors and investing styles. Your favorite indicator might not mean anything to me or my style of trading or vice versa.
Take APSLL"S last sentence to heart though... "learn from mistakes." I finally discovered the indicators and formulas I like to use by making mistakes that cost me a lot of money. Lose enough money and you will eventually start to learn what the best indicators are for YOU. Next thing you know you will wake up one day and discover you have knowledge of what you are interpreting in the charts, and you will have discipline when it comes time to execute..... furthermore, you will start to have some extra coin in your pocket! 
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For what it is worth...
Everytime I sell a stock, it seems to very well after I sell. I have learned to be happy with the gains I make and not to look back with regrets for selling too early.
APSLL, I just sold MED on tuesday so I am pretty sure as my luck would have it that it will be up to 18 in no time.
On a serious note, I saw the same thing in the chart and I believe it will continue to run from here. From a seasonal perspective, this is diet season so this little known name in diets might have a chance to really take off. The only reason I am not getting back in is due to the fact that my trailing stop loss kicked in on Tuesday after I made a nice gain. My personal rules of trading tell me that once I am out, I am out for good until I find the next gem.
Good luck to you 
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I think the jump today (11/30/2006) was a result of more then just the press release.
Does anyone think this might be the sign of a short term run up to $8. I would appreciate some replies from some of the tenured members of this outstanding forum regarding their interpretation of the charts.
Thanks
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Thanks again to everyone for taking the time to give your imput.
I wish everyone on here success
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Hi to all, I appreciate the info from everyone. I think Bigblock is addressing the issue I am trying to uncover. Kokoda, I am a firm believer in the stop loss and having a rough idea of where to set the stop loss prior to actually buying so I agree with you there. I think the Worden Daily reports have demonstrated that for 100 investors you might see 100 different stop loss techniques.
So Bigblock and others, message boards are not the place to try and teach others about some of these topics, so where does one turn to learn about these topics?
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Hi, I have read hundreds of post and replies and I feel confident that I am asking the correct people this question. I have been trading for about 8 years, but focussed on learning what I am doing for only the last year. I want to stop trading like I belong in Vegas and start trading like an investor. So, currently I have stopped trading with real money and I am doing my best to learn and develope my own strategy.
I was hoping someone could shed some light on how to minimize a loss on bad stock decision. For the past year my trading strategy (on paper) has developed into a style that enters a long stock position after a substantial decline. The Worden scan I developed has been proven to be profitable over the long run. Where I run into problems is that as we all know it is risky and difficult to play the bottoms because often the bottom you buy in at is actual just the beginning of reaaal bottom.
Besides a stop loss, is there another strategy that minimizes a loss via going long on a security and also taking out a put option on the same security?
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