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- 18 February 2006
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Methodology
First steps
This is me thinking out loud – looking for comments, and to stimulate debate
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Seems to me the first step is to identify a “universe” or group of stocks that show promise of late - and that generally have good liquidity
Its not hard to do this really – just have a look at what other folks are recommending –
Then go look at the charts – be aware of what and who the company is - recent news etc – and good summaries of all this can be found easily at comsec.
Three companies that seem to fit into this for example are
AXA
CSR
CPA
ALL - might be good to short – givens its prob’s of late ( half joking on this )
Anyone got any other suggestions ?
The criteria – look promising ( whatever that means )
And have good liquidity in general, so you can always sell easily
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Then having identified a group of say 20 – 30 stocks to watch -
The next big step is a solid trading plan – not easy !
With signals for entry – and signals for exit – and a stop loss philosophy to implement
re managing exits – “tech a” notes that this is where the money is made, not on the 50/ 50 end of entry points –
To quote tech a -
“ I'm currently working on composite charting techniques all based around better exits ( thats where the money is - the exit end of the trade - most look at the other end - the 50/50 argument )
this is from the “beginner here” thread by sandra – and tech’s insight makes sense to me
as I said at the top – this is me thinking out loud in a sense, to clear my mind, invite comment, stimulate debate
thanks
blueskytrader@hotmail.com
First steps
This is me thinking out loud – looking for comments, and to stimulate debate
--------------------------------
Seems to me the first step is to identify a “universe” or group of stocks that show promise of late - and that generally have good liquidity
Its not hard to do this really – just have a look at what other folks are recommending –
Then go look at the charts – be aware of what and who the company is - recent news etc – and good summaries of all this can be found easily at comsec.
Three companies that seem to fit into this for example are
AXA
CSR
CPA
ALL - might be good to short – givens its prob’s of late ( half joking on this )
Anyone got any other suggestions ?
The criteria – look promising ( whatever that means )
And have good liquidity in general, so you can always sell easily
------------------------------------------------------
Then having identified a group of say 20 – 30 stocks to watch -
The next big step is a solid trading plan – not easy !
With signals for entry – and signals for exit – and a stop loss philosophy to implement
re managing exits – “tech a” notes that this is where the money is made, not on the 50/ 50 end of entry points –
To quote tech a -
“ I'm currently working on composite charting techniques all based around better exits ( thats where the money is - the exit end of the trade - most look at the other end - the 50/50 argument )
this is from the “beginner here” thread by sandra – and tech’s insight makes sense to me
as I said at the top – this is me thinking out loud in a sense, to clear my mind, invite comment, stimulate debate
thanks
blueskytrader@hotmail.com
