EVN saved the week, in < 350 out > 400, % would not excite anyone here but being a large cap on support trans size quite large therefore absolute dollars won the hound a 'pick of the grille' status from the BH last night, currently being held 'in bowser' in search of a packed grille.
AVH going ok but did get stopped out of A1M, Talking about stops that Kanga question comes into play.
A female trader I know reckons your stop loss strategy actually starts with what's on your WL before you even buy, other TA traders I know dismiss this and suggest analysis of the squiggly is indeed the only truth as TA includes FA. Understand the TA argument but not convinced, they seem to have trouble with the concept of risk / reward. The TA crew somewhat religious about their craft, don't take constructive criticism well, must be a god thing.
See many a chart posted covering stocks at the speccy end with horizontal lines going back in time in effort to define support & resistance, what the TA crew don't seem to understand is this will only work where the capital structure of the stock is stable over time (soi & such), many a speccy have completely different capital structures today than they did even 12 mths ago, may as well be a completely different company.
Bit like some idiot on a thread complaining about the SP having gone down when actually the MC has gone up, not understanding
in stocks still within their CR cycles SP has nothing to do with a boards motivation but leveraging MC for quality debt certainly does.
Anyway the garage must agree with the female in this instance, just opinion not going to argue it, could well be wrong, being an agnostic have an open mind.
We believe FA tells you what to trade and TA when to trade, therefore 'the vibe' comes into play, see below for definition.
