Profiting from market trends?

[ducati916]

Re: Trends & Information

Matt

Faith, Hope, Charity..............all commendable attributes in life, unfortunately, in the market a short-cut to the paupers grave.

Knowledge (theory) is very important, vital in fact, but knowledge must be tempered with experience, and this takes time, and finally courage of character, without which the previous two cannot be fully realized.

jog on
d998

 

[Realist]

Re: Trends & Information

On June 1st :

BMN was 1.05
EVE was 0.14

Today 6/6/6 :

BMN is now 0.91
EVE is now 0.135


I hope you did not buy them Matt!!

 

[MattThomson]

Re: Trends & Information

Just you watch BMN

 

[Realist]

Re: Trends & Information

I have been.... :bad:


What is so good about BMN Matt?

What do you know that I don't? Or what can you see that I can't?

 

[RichKid]

Re: Trends & Information

Just you watch BMN

Matt,
Whatever happens I hope you will stick around to analyse your trades/investments, you're bound to learn a lot.

 

[Realist]

Re: Trends & Information

BMN is up 1 to 0.92
EVE down 1 to 0.125

 

[MattThomson]

Re: Trends & Information

Give BMN 5 weeks.

 

[Realist]

Re: Trends & Information

Give BMN 5 weeks.

Before it goes into voluntary receivership?

 

[It's Snake Pliskin]

Re: Trends & Information

I get it: it`s all inside info.

 

[MattThomson]

Re: Trends & Information

lol No, just a careful look at the companies schedule and what information is due to come out and when. Then a careful look at the probabilities of what that information will be and how good or not the news will be. Financials don't matter in spec uranium explorers.

 

[Realist]

Re: Trends & Information

BMN is now 0.75



Did you buy any Matt?

 

[swingstar]

Re: Trends & Information

What works?
A system with a positive expectancy and correct money and risk management, most appropriately but unpalatably called bet sizing.

(and the psychological make-up to cope with the answer)

That's all I do. I cut my losses at 0.5-1% of my capital and let my profits run.

When my stops are hit, most of the time I don't even look at the chart. I have an SMS sent to me and I simply close the trade. Using discretion has rarely worked in my favour.

As some trader said, I think I saw it quoted around here... "Every big loss was once a small loss".

 

[swingstar]

Re: Trends & Information

Unfortunately, in Uni you will only learn from People who only know theory or if you get somebody from the industry they will be people who earn their money from fees not from buying and investing in shares. I have a friend just completing his Master of Finance and he lost money this year and last year. (Yes lost money during a Bull market). I also have a friend who writes lecture materials for some of these Finance Courses and as far as they are concerned private technical traders who outperform the market consistently just don't exist. For the official "academic" stance on the market read "a random walk down wall street" and spot the errors.

If you are doing Finance to make money in shares forget it. If you are doing Finance to get into the industry well then fine as it is a very well paying industry.

It's a good thing too. If the big funds started doing technical analysis and proper money management then we would all be in trouble.

MIT

I've been studying comp sci which no doubt was a ****ing waste of time. I've been thinking of changing to finance, but not after that synopsis.

Maybe economics? At least it's broader. If I wasn't so far out of school I would maybe try maths.

 

[It's Snake Pliskin]

Re: Trends & Information

I've been studying comp sci which no doubt was a ****ing waste of time. I've been thinking of changing to finance, but not after that synopsis.

Maybe economics? At least it's broader. If I wasn't so far out of school I would maybe try maths.

Swingstar,

Choose something of value when the financial system collapses. Become a doctor or a dentist maybe. Real Estate is not worth it. I@ve been there and it is just nasty people thinking they are important because they borrow what they don`t have and then think they can command what they want to, devoid of any investing strategy or education. I am bitter about that industry. I have a lot to reveal.

Snake

 

[swingstar]

Re: Trends & Information

Thanks Snake. If I do anymore study, it'll only be so I can apply it to my trading. Economics and maths are areas that don't rely on a capitalist society, whereas finance does. I'd only be continuing study for personal interest, not for a career/job.

 

[It's Snake Pliskin]

Re: Trends & Information

Because there are a number of different ways to *value* a stock.
Second, it depends *who* is providing the valuation, and their motive.

jog on
d998

Value is opinion then.

 

[NettAssets]

Re: Trends & Information

Value is opinion then.

Of course value is an opinion!

Look at what some people pay for additions to outlandish and "valueless" collectables.

 

[MattThomson]

Re: Trends & Information

EVE is now 0.225, not bad if you had picked it up at around 0.10. BMN however has done very well and is now at 2.10 up from 0.35. And yes, I bought and hold BMN but did not get any EVE. My first experience with shares has been very nice indeed lol.

 

[stevo]

Re: Trends & Information

EVE is now 0.225, not bad if you had picked it up at around 0.10. BMN however has done very well and is now at 2.10 up from 0.35. And yes, I bought and hold BMN but did not get any EVE. My first experience with shares has been very nice indeed lol.

No offence Matt but on May 31st 2006 you stated;

I believe in a couple of weeks it will double in price, and has the potential to go further.

The 64% drop that BMN went through on week ending 25/08/2006 must have been interesting if you only have one trade on. The stock didn't double as predicted. I don't suppose that you are going to ramp this one again?

If so maybe back the claims up with some fundamental analysis. Mind you both stocks have quite nice looking charts with some good uptrends well underway

I suppose you also realise that setting the FA's against the TA's is a great way to get some very heated discussions going on this thread, usually with very little gained.

 

[coyotte]

Re: Trends & Information

Few handy Trend Following tools:

ADX, Trend Line , and GMMAs


Note the long term GMMA has not yet compressed and turned down and the short term GMMA has not penertrated the L/T GMMA -- trend still in tact .

ADX gave ample warning

Bollinger Band upper penertration was a very early warning


Trend Line in tact


Simple Trend Trading Tools :