thanks....gosh, I thought I had....it's just that, every time I explain my general "PSYCLE sm" concepts, a few lousy traders on S.I. sometimes try to tell me to stop sharing, but, I respect your interest, so very briefly (you can get to me offline anytime for more historical/background/educational info.):
the PSY of "PSYCLE sm" represents the long-existing, repeating patterns of human and media behaviors, which, when added to long-existing chart formations, and industry group rotation, yields a stream of long, and short, trading ideas, over time...because just knowing those 3 elements alone, accounts for probably 75 % of any individual stocks' price movements, it allows us to Ignore 95 % of the "fundamentals" which it seems everyone else expends tons of time/effort chasing down, often to no help for them, in predicting future stock price moves....
anyway, adding diversification, preset price targets and STOPS (which, it seems, almost no one uses enuf, as you know), and removing all potentially damaging Emotions from the process, the bottom line:
we try to buy long, depressed, basing ideas when others in it's ind. group look similarly, (like ALSC under $ 7., and other "semis" earlier in 1997), or in S.T. "exhaustion lows" (like ALSC and some "techs" issues here), for the initial potential bounce, up to previous resistance levels....and, last, because we also try to take advantage of the DOWN-side, which few do, we hope to have a leg up on other people as well....hope this helps, for now,
but, one key, really is, ignoring most all "fundamentals", which have rarely helped anyone "time" buys/sells, this past century, because the best news almost always occurs AFTER rise, or near tops, and the worst, near bottoms/lows, right ? so, we go contrary to the masses,
a lot...like, ONLY buying truly depresseds, long....the stops and diversification take care of occasional losses much of the time.... |
