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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: gongoman who wrote (1784)	8/27/2000 8:36:35 AM
From: Bobber1234	Read Replies (3) \| Respond to of 100058

gongoman "Fill us in on your strategy ?" My strategy is still being developed, but I'll share with you a few of the basic things that I've learned. Since I don't know you or your experience as an investor, I'll apologize now if these seem too basic. This post might help the new investor who is lurking on this board. Maybe it helps nobody? But, here goes..... 1 - The trend IS your friend. 2 - If I make a trade and it doesn't work out in my favor, I bail immediately. I'll come back and fight another day. *CASH IS KING* 3 - MACD is my weapon of choice, and I use Stochastics, and RSI as supporting indicators. NEVER use just one indicator. At any one time they will almost never give you the same signal. It's the combination of indicators that holds the key. 4 - Paper trade initially. (I didn't....You should!!) 5 - "Buy and Hold" for the long term.....SUCKS! I hate dead money. What fun is there waiting for a stock to recover? None. In the mean time there are stocks all around you that are making gains....You should be too. 6 - There is seasonality in the markets....Drbob and his board of merry posters tuned me into this one...don't miss it. 7 - There is a wealth of information available on the Internet regarding TA...READ, READ, READ....(For as long as I can remember I have been an active reader...I was once told by my Mother that I would read the ingredient list on toilet paper...She was right! LOL) 8 - Learn to short...There is money to be made on both sides of this street..... Well, off the top of my bald head that is about it....This was starting to become a "top 10" list and I'll avoid that at this time..... Best of luck to you.... Bobber