plugger, without going into detail I am finding that technical analysis, i.e. sound analysis of price behaviour based on established principles, does aid in determining the probability of price direction. For me it goes hand in hand with fundamental analysis.
A fundamentally sound stock purchased on a true technical break out had the greatest chance of prolonged price appreciation. Just my opinion.
And regarding Farsight and Lalit's comments on academic prowess and share market success, I agree. The principles are simple and you don't even need a high school diploma to be able to learn them. The real trick is psychology.
Its something that takes 5 minutes to learn and a lifetime to master.
Whilst I would love to trade full time, sooner rather than later, I know that I am not ready for yet. I've only been dabling for 5 years because I have always been in an undercapitalised position. I am also still being dealt the same lessons which would put me in the slow learner category.
I have developed a system that I believe would work for me but I am yet to attempt it consistently.
- Forums
- ASX - By Stock
- XJO
- friday night flight or fight
friday night flight or fight, page-135
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a |
Open | High | Low |
7,953.2 | 8,092.3 | 7,952.8 |
Featured News
XJO (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online