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Trading Techniques on indicators
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Theresa
Member |
12-Aug-2010 21:07
Yells: "I am still learning ......" |
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As of yr below reply, it seems like you also agreed to cut loss when price keeps dipping but can I know if you also follow through as what you hv said since few people can stand losing money.
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iPunter
Supreme |
11-Aug-2010 21:49
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You are so right... :) In spite of using TA tools, taking a loss is extremely difficult for most people... because taking a loss is actually admitting one is wrong... And few people want to admit (to themselves) they are wrong... And even fewer can stand losing money. Thus, paradoxically, it is precisely because of this that they lose a lot of money...
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dc16888
Senior |
11-Aug-2010 21:36
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someone told me if MFI very low said around 20 level, it the time to short that stock, is it true? her reason is buyers run road, no money in this counter, therefore short with no risk. cheers. |
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cathylmg
Elite |
11-Aug-2010 21:16
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But then sometimes, no action is better then taking all the actions in the world, then find out that you have made a wrong decisions by making a move, be it sell, short or buy. When the indicators are up, but market trend down, fear steps in. Just when you thought you have made the right decision of cutting loses, actually by doing so, you suffer unnecessary loses. I have made and is prone to making such mistakes over and over again. Am still learning to be like 以静治动by constantly stopping and stopping myself to take a move prematurely....kowtow to people who are always like 稳如泰山 type, those very steady never bet one eyelid ones...haha.... | ||||
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Theresa
Member |
11-Aug-2010 20:21
Yells: "I am still learning ......" |
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When you said in the real world, then indicators & candlesticks are of no use when price keep dropping, its when psychology is here, needs to cut loss immediately but not many people can do so.
Let the profit runs but cut loss when price goes down beyond yr limit. In this way, profit will always be bigger than losses
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cathylmg
Elite |
09-Aug-2010 23:19
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I am quite poor in looking for support and resistances. Thats why I always sell when stochastic is high in overbought region. Can always buy back if trend turns positive again. So long as obv is not trending down too much. And the overall market is still positive. Also not 100% accurate though, cut loss if overall market trend downwards.
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alexchia01
Elite |
09-Aug-2010 22:36
Yells: "Catch The Stars And Ride With Them" |
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No Technical Tool is 100% accurate. This is why you have to use 2 to 3 tools together to get a more accurate readings. I use OBV, Stochastic, MACD, SMA, DMI, Candlesticks, Trendlines and Support/Resistance Lines for my analysis. I even use FA in most of my readings. Even with all these, I'm still not 100% accurate, at most I'm about 70% accurate. This is much better than others who tikum tikum (Anyhow Guess) what stock to Buy and is 0% accurate.
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iPunter
Supreme |
09-Aug-2010 22:09
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However, paradoxically in the real world, very few people put this powerful tool to use... Instead, when a loss starts and then grows bigger and bigger, the investor's immediate reaction is not to stop further loss but to go on the offensive and average his investment, all the time holding staunchly to his/her opinion of the market... To these investors, the mere idea of taking a loss is totally bizzarre and taboo! ...
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cathylmg
Elite |
09-Aug-2010 21:59
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x 0
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So very true....
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iPunter
Supreme |
09-Aug-2010 21:38
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The most powerful tool in the investor's arsenal is the stop-loss. For this tool and this tool alone can prevent him/her from going "pok! "... hehehe...  |
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cathylmg
Elite |
09-Aug-2010 21:28
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I use obv and stochastic as well as macd. The thing is acc/distribution suppose to serve the same purpose as obv, but then sometimes they go opposite directions. Not really accurate in that sense.
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alexchia01
Elite |
09-Aug-2010 00:11
Yells: "Catch The Stars And Ride With Them" |
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Accumulation/Distribution goes up means that more and more people are Accumulating the stock. MFI goes down means to stock is becoming Bearish. If these 2 things happen and the price is low, it means that BBs have just beginning to accumulate the stock and driving the price down with their financial muscles. This is a Buy Signal. If these 2 things happen and the price is high, it means that the BBs are selling their holdings or already out of the stock and the accumulation is fueled by retail Buyers. This is a Sell Signal.
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Theresa
Member |
08-Aug-2010 23:51
Yells: "I am still learning ......" |
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Candlesticks and indicators is use to analyse and to determine the probability of a particular stock. Indicators such as Accumulation/Distribution, MFI & RSI are some of the indicators that is able to determine the current trend and as well as gauge the supply and demand as a measure of the strength of money going in and out and can be use to predict a trend reversal |
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hyruga
Member |
08-Aug-2010 12:33
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It doesnt imply anything. It is just used by some people to predict the market and increase their livelihood of winning. Market can turn against you anytime.
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Hulumas
Supreme |
07-Aug-2010 17:49
Yells: "INVEST but not TRADE please!" |
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x 0 Alert Admin |
Stop loss or sell option to select!
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operation_pesb
Member |
06-Aug-2010 21:48
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I think should be the selling pressure is great and the strength of the downtrend is strong. | ||||
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Theresa
Member |
06-Aug-2010 21:42
Yells: "I am still learning ......" |
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Hi, Can anyone tell me if Accumulation/Distribution is going up for a stock but MFI is going down, what does that imply ? Thank you, |
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