Short Term Trading Week Starting: 5th Sept, page-362

  1. 6,510 Posts.
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    Hey Saber, seen and read a lot of your posts here, welcome to the trading world

    Won't go into lots of detail, not sure if it's already been covered by yourself or others. One thing I did years ago when I was losing money and buying into bad stocks or buying and then the stock would fall, I became determined to understand why and what I was doing wrong and realised technical analysis was fundamental to entry and exits and knowing if a stock was a good or bad buy.

    I looked at the catalysts for why the stock fell after I bought, what the chart was saying; candle patterns, formations, trend, MA, EMA, MACD, Volume etc. etc.

    I analysed my losing stocks for their charts and compared to stocks that were running or had run, also looked for what the catalysts were in the stocks I bought for what the right entry position was and doing the same for stocks I didn't own, analysing the chart, identifying where the buy signals were and then where the sell signal was and figuring out for myself what those signals were. I still do this today, when I come across a stock that dropped quite a lot i'll have a look and see why from a technical point and fundamental point and same for if a stock goes up significantly. Eventually over time you get a feel for trends and signals and since then I've fortunately been able to reduce my losing stocks to very minimal these days and finding the stocks I do lose on are the ones I get caught up on fundamentals and ignore the technicals sometimes.

    Hope that helps a little in anyway
 
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