Is it possible to over analyze?

[rjay49]

Firstly, welcome to the forum

Mate, I think you should just keep on doing what you are already doing. You have a system based on your own method of analysis and it's working! Whatever you do, don't go thinking you have to change anything because Tom, Dick or Harry has some system that they use that involves 34253424 indicators coupled with mind-bending mathematical analysis etc. - the chances are, it wouldn't work for you anyway. And that's the important thing, you've got something that works for you.

Good luck.

I do envy at times these people who do all this analysis, but for an old codger like me by the time i semi understand it ive lost 5 trades, and money, but in know way are critical of there methods. Thanks for reply

 

[skc]

What are you on???? Show me which part of my post is putting those words "into" your post? I never said you said that. You're wondering how he picks trends without using a chart, correct? I'm wondering if you seriously need to see a chart before you can identify a trend.

Not putting anything into anyones post, jeepers. Wrong time of the month or something?

Must be the wrong time of the day. Forgive me for reading too much into your "".

The trend is not like probably trend that the experts refer as trend, I use Comsec iress and use the buying trends on the day, it tells when things are buying up or down. ...

Now back to my way of doing things, as mentioned i use the buying up trend on iress, the historical data, i look at the data from 1 year-5 year if they have been around that long, and look at the highs and lows, and see what caused those highs and lows from announcements, research etc, then i go with a gut feeling where i could see it getting to again then drop my bid down a bit lower than that.

I use iress as well but have no idea what the "trend" column is supposed to indicate...looks a bit like a tick counter or similar.

It sounds like you are using fundamentals and buying on uptick/trend? Or have I mis-interpreted your descriptions?

 

[awg]

There are a few respectable posters on here who have stated words to the effect they look for the best price rising stocks in the best rising sectors.

They havent made so public their selling criteria that i can recall.

It can be a very simple, and I suspect common strategy, and can be applied with very little analysis if thats the way you want to do it, although I wouldnt reccomend that.

It has worked very well for me with gold stocks recently.

Risk is you buy at or near the absolute high.

This has happened to me enough times to be a bit wary.

Question for the OP..Would you say your method incorporates a more volume focused indicator?

 

[rjay49]

There are a few respectable posters on here who have stated words to the effect they look for the best price rising stocks in the best rising sectors.

They havent made so public their selling criteria that i can recall.

It can be a very simple, and I suspect common strategy, and can be applied with very little analysis if thats the way you want to do it, although I wouldnt reccomend that.

It has worked very well for me with gold stocks recently.

Risk is you buy at or near the absolute high.

This has happened to me enough times to be a bit wary.

Question for the OP..Would you say your method incorporates a more volume focused indicator?

Hi fellow Novocastrian an answer to that for me anyway i wont trade a stock that has low volumes because the amount i buy sometimes, if no hi volume makes it to hard for me to sell quickly, but volume isnt the main thing but is important.