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Strategies & Market Trends : Technical Analysis - Beginners
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To: Daniel Miller who wrote (8432)7/14/1998 1:21:00 AM
From: Richard Estes  Read Replies (1) of 12039
 
Humor aside. I feel that TA can work with any price stock. You need to adjust the periods within your indicators. And it depends on what indicators you use. Since the stock can move 20% up and down in a day, you have to tailor your action to the minute charts and watch it closely, they can be fast, faster than you. Only use gambling money on them. And watch out for markets that are made on the net, by people with an agenda. It can be like trading Elvis plates or beanie babies.

A $0.50 stock goes faster to $1.00 then a $50 to $100. In both you have a 100% move. But to get the same money out of each, you must invest the same amount. $5000 gets you 100 shares of one and 10,000 of the other one. that way if you go down an 1/8 you can lose $13 or $1300. That 1/8 move on a $0.50 is a 26% loss. I know of only one person that remains fairly successful with pennies, he uses TA.

If TA doesn't work, what does? A story? Blind luck?

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