repost - think like an insto, page-8

  1. 9,485 Posts.
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    Thanks for the draft motorway .
    I'll certainly give this some more thought .

    To Andrewk44k , lol , We all live in hope and fear .
    I tend to use the old abc rule ,ie; A being the low B being the high C should be higher than A to be a buy and confirmation is when B is surpassed .
    Then money manag applies .
    The prob we all have is using strict money management rules .
    Getting back to the major trend .
    Do a 10 year chart of xao , the trend is up presently but with several hundred point swings over yearly time frames we can loose so much money buying at the wrong time .
    I really should get back to pure mechanical trading but like most I enjoy a punt . Obviously all Christian values fly out the window . lol
    The sad thing every time I take a punt it goes the wrong way .
    So instead of bottom picking or other methods the safe way will be to go back to the old ABC but with bigger posi's . Oh so easy to talk about but so hard to do .
    Especially as Andrewk4 points out that the game only works for so long as the instos or others will break the rules . At the end of the day it's a big competition and we get lost if we're investors , speculators ,scalpers, traders , loosers or tossers .
    Time to switch off , night all . ge
 
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