props take from the inexperienced, page-17

Hi all newbies who are taking trading 101 lesson from tciboss :) (im sure he's a good tutor as iv enjoyed reading his posts).

I guess the easiest answer to your question is dip yourself into the world of charting. I used to be one of those hard out 100% foundamentalist who cares little about charting, holding onto shares have definitely worked at times, but a lot of times I was one of those shaken out of my position by those organised traders/brokers even when I firmly believed a company's potential. Charts are not always accurate, but it does give you certain level of confidence as to where the support is/should be, where the resistance is & is a stock more like overbought or oversold now? Sometimes you see these massive dumps triggering a lot of stop losses & you might think "the world is coming to an end" :), but they always seem to stop at certain level, or quickly dipped below that level & bounced straight up. After you draw a nice support trend line on charts, most of the time the price level where selling has stopped is exactly sitting right on top of the support line (or at a certain major support level).

Even if not into charting urself, the least u could do is to understand it, so when someone puts it up, u know what support/resistance to expect.

Im by no means a charting expert, & the world of charting is just so massive, so i feel like im still trying to pass my trading 102 after having failed it 3 times. :)

GL to you all & OBJ, bring on 4c.