TGA - Thorn Group

[prawn_86]

Gotta stop using those "Form" letters Prawn:

haha apologies. Certain threads seem to be the troublesome ones.

Stick to talking about TGA please people

 

[Kulio]

14th June
Our friend has selective "quote" syndrome.
Note the 17th July.

A $500 loss is 1 session on the FTSE. about 30 ticks. (Usually 1-2 hrs)
So hardly an issue.

So you bought at 1.54, sold at 1.51 and made a loss of $500? It is now sitting at 1.585, which means you could have made a gain of $750. Seems like you made a loss of $1,250 to me.

Just wondering how often these monthly losses occur to you?

You lose money you've got to put double the effort to make it back kids.

 

[Kulio]

---

Not that anyone needs to come to Tech/A's defence, but you need to be reminded that he has his system that has shown long term results, and he sticks to it. In this case it called for a long position with a stop of 4 cents. If his system shows a positive expectancy per x number of trades, this is just another trade in the sequence. You take all trades knowing that there will be losses.

How do you trade? Do you stay in until the price has gone horribly against you, because the story is good (fundamentals)?

It's easy to post your winners and not mention your losers. Just food for thought.

Yes I trade on fundamentals not ticky tick ticks. Not sure how to answer the other part of your question, because that hasn't happened to me yet.

 

[tech/a]

So you bought at 1.54, sold at 1.51 and made a loss of $500? It is now sitting at 1.585, which means you could have made a gain of $750. Seems like you made a loss of $1,250 to me.

Just wondering how often these monthly losses occur to you?

What the?
Who gives a Shiit

 

[Kulio]

What the?
Who gives a Shiit

Hey if you're willing to throw away $1,250 every month can you please give it to me?

 

[Ves]

Hey if you're willing to throw away $1,250 every month can you please give it to me?

Don't forget the 5.5 cents per share dividend.

Effective loss is 13 cents per share...

 

[tech/a]

Ahh I see
Duck season.

I'll play.
Yeh I've been sitting watching
TGA lamenting lost opportunity.
Totally devastated

Thanks for the tips.

 

[Julia]

So you bought at 1.54, sold at 1.51 and made a loss of $500? It is now sitting at 1.585, which means you could have made a gain of $750. Seems like you made a loss of $1,250 to me.

Just wondering how often these monthly losses occur to you?

You lose money you've got to put double the effort to make it back kids.

I don't want to get involved in discussion of TGA because I don't know anything much about it, but as a general principle and comment on the above observation of a loss, yes that's true.

However, if - instead of rising to 1.585 - it had dropped further and continued dropping, then taking a small loss is better than a large one.

There's never going to be a meeting of minds on the two approaches. People who are devoted to the so called value investing idea don't seem to mind continuing to hold any stock, regardless of its SP, as long as they still believe in the value of the company. I can't do that, but I get what they believe.

Someone following price alone is simply not going to see their capital investment continue to fall, so will prefer to take a small loss at a predetermined level.

Might as well just accept all round that one group is unlikely to convince the other about the validity of their approach. Neither is there any reason why either should imo.

 

[Kulio]

Don't forget the 5.5 cents per share dividend.

Effective loss is 13 cents per share...

Effective loss approximately 8.4%. Perhaps he withdrew the funds at 1.51 and thought he could get a better than 16.8% return with the funds invested somewhere else in the next month.

 

[tech/a]

Effective loss approximately 8.4%. Perhaps he withdrew the funds at 1.51 and thought he could get a better than 16.8% return with the funds invested somewhere else in the next month.

Returns on trading the FTSE last month $12675 AU
So I guess that does it.

Really your post is schoolboy stuff.
Some of us here trade serious $$s and have been for many years.

Sure I get stopped out and see a stock turn back in the direction I was
On. I've also been stopped out and the stock just plummets.
It's called trading.

Very rarely trade stock in this market.
Indexes are easier so that's where you'll find me.
$500 stop loss is never a concern as is lost profit if
A stock runs back after a stop.

Always something to work with.
I see you've had 8 posts.
They don't seem to have any content though?

 

[oldblue]

Thanks, Pioupiou, for your post of 26 July.

I've been buying a few lately for my longterm portfolio. Without getting into that FA v TA nonsense, the fundamentals stack up for me and the SP seems to have found support around current levels.

 

[Boggo]

Someone following price alone is simply not going to see their capital investment continue to fall, so will prefer to take a small loss at a predetermined level.

A very basic tried, tested and proven method of staying in business.
I bet the people who are hanging on to IAU, BBG and ILU etc are wishing they had the intelligence to have exited when their $$ started to erode.

Effective loss approximately 8.4%.

One day if you last long enough you will see the errors of that amateur gambler mentality statement.

Without getting into that FA v TA nonsense, the fundamentals stack up for me and the SP seems to have found support around current levels.

You covered both there oldblue


Anyway, back on the subject of TGA. Its starting to look good, of my systems for going long the Turtle Breakout System seems to have the runs on the board so far for this stock.
Just waiting for the next bar to take shape and I may be an 'investor' until it starts to give away some of my money, that's we part ways again.

(click to expand)

 

[Kulio]

One day if you last long enough you will see the errors of that amateur gambler mentality statement.


)

Please elaborate.

 

[Kulio]

Returns on trading the FTSE last month $12675 AU
So I guess that does it.

Really your post is schoolboy stuff.
Some of us here trade serious $$s and have been for many years.

Sure I get stopped out and see a stock turn back in the direction I was
On. I've also been stopped out and the stock just plummets.
It's called trading.

Very rarely trade stock in this market.
Indexes are easier so that's where you'll find me.
$500 stop loss is never a concern as is lost profit if
A stock runs back after a stop.

Always something to work with.
I see you've had 8 posts.
They don't seem to have any content though?

And what content have you provided other than teaching us how to lose money on a stock like TGA?

Good stuff on the FTSE mate. You're a real winner.

 

[Boggo]

Please elaborate.

Ride a few losers down instead of taking a small loss and believe me, you will work it out !

 

[Ves]

Someone following price alone is simply not going to see their capital investment continue to fall, so will prefer to take a small loss at a predetermined level.

I think when you have a predetermined level before the trade, and you change that predetermined level during the trade, it is a psychological error (see: fear). Especially when the trade doesn't break through to the original support of the so called discretionary trade? We all make these, of course. Just an observation of the trading method employed by the poster intended. You set a risk level (in this particular trade I would argue the original level of 4c wasn't enough room for error in the first place - you'd get stopped out more often than not with only 2.59% margin).

I'm sure tech/a knows this - but does his audience?

 

[tech/a]

I think when you have a predetermined level before the trade, and you change that predetermined level during the trade, it is a psychological error (see: fear). Especially when the trade doesn't break through to the original support of the so called discretionary trade? We all make these, of course. Just an observation of the trading method employed by the poster intended. You set a risk level (in this particular trade I would argue the original level of 4c wasn't enough room for error in the first place - you'd get stopped out more often than not with only 2.59% margin).

I'm sure tech/a knows this - but does his audience?

Hind site trading is practiced by the novice---common on these types of threads.

Changing stop levels ( wider ) is a psychological issue --- not taking the stop.
I like my trades to move immediately and have learnt that closer stops deliver a better R/R on a portfolio than wider ones.
In markets like these I prefer to be in and out than sitting waiting.
Since that trade I've completed over 60 I'm sure other short term traders( in this market ) more.

I took a loss---what's the big deal?
Next.

 

[Ves]

Hind site trading is practiced by the novice---common on these types of threads.

Hindsight trading now is it? I mentioned a possible V-bottom at $1.34 (last I checked still in play) well before the techies arrived in the thread (and was subsequently told a four-year old could see that the trend was going down).

You freely give advice to others, whether they want it or not, I'm giving you some of your own to think about. I remember saying on the day that your entry looked arbitrary at best. Go check out the post.

In this case you changed your analysis after the fact and were a bit rash - it's an error of judgment that I am pointing out not a personal attack. I'm certainly not questioning your trading prowess.

 

[Julia]

Ride a few losers down instead of taking a small loss and believe me, you will work it out !

+1.

 

[HarryH]

Ride a few losers down instead of taking a small loss and believe me, you will work it out !

Yeah but you're talking about speculative stocks that are, quite bluntly, crap fundamentally with no history of solid earnings or confidence of solid earning going forward. Those types of stocks are a gamble and you would want a stop loss on them. Better to avoid that problem by not investing in crap companies fundamentally wise.

Those three stocks you mention are absolutely horrible fundamentally wise and anyone who bought and held those stocks deserve to have lost their money for investing in such crap companies. Just like those people who went on another speculation adventure in trees just a few years back. TGA should not even be in the same category.