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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Russell Coburn II who wrote (2017)	1/17/1997 12:17:00 PM
From: David R. Evans	of 12039

Hello David, How will you look at ALL those charts????? How will you know if your "systemS are working????? I can run StochRSI (14) system tests on a stock and get an idea if it works with that stock or not... If I do not like what I see I'll move on to another stock... I will NOT try to find an indicator to FIT that stock... THAT IS A DANGEROUS GAME TO PLAY!!! It is true that charts can take on a personality of their own BUT if you start changing systems you will find yourself LOST Do as much testing as you can on the various system and pick the one that fits you best.... Start USING that system and rate it by looking at your bottom line...... You CAN NOT catch EVERY TOP so don't waste your time trying!!!!! STAY CONSISTENT so when you need to change you know what it is you're changing..... It is not a good idea to have too many exits either.... Find an exit strategy that works for you and STICK TO IT!!! If you do not you'll be selling too soon... Set a percentage loss you can tolerate and keep to it. Define your exit indicators and tools and stick to them. Keep your short term together with your short term.. Do not mix and match or you'll be lost.... Dave Evans world2u.com

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