Nice one McKagan. The stock is set up nicely. And I dont mind...

Nice one McKagan. The stock is set up nicely.

And I dont mind taking a hit. Nick "the chartist" Radge only averages 44% WINNERS, but boy are his winners winners. He just dumps them when they move below the upper 1SD on a 100 period Bollinger. Although his Max drawdown is 36%, he turns 100,000 into 5 mill over 15 years and thats proven using 1000 montecarlos showing an extremly tight scattergrapgh grouping.



For whatever reason this stock is cheap today. What do they sell? is it some kind of sand or something hahaha

Avergage down is also called throwing good money after bad. For whatever reason, the market sees this stock as being beaten down. I am hoping it will move to aqnd track the 2SD 100 period bollinger and sit above a 50 day MA.
If not I will dump the dog, however these are the puppies that make you rich, not Origin or Telstra. Just got to be cautious and not break your technical trading rules, or get involved with an emotion towards a stock. Lets see what the next few days brings.