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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (11682)	3/15/2001 2:14:06 AM
From: Ronald P. Margraf Sr.	Read Replies (1) \| Respond to of 12039

Hi Mike, Actually I agree with you more then you think an after spending the last couple of days thinking about it, we are not that far apart. We just call it something different. You call it MM [money management] an I call it RM [risk management]. IM [which is information management] is as important if not more. It is one of the deciding fundamentals [factors] that keeps me in a play. Fundamentals is what gets me interested, T/As is what helps me make the decision. T/As an IM is what keeps me in or gets me out. Therefore what you call MM, I guess I call RM. I guess it is like, some call a closet a cubbert an visa versa yet in reality they are different. As a speculator an aggressive investor, my peramiters are different. If I was to stop myself out every time a stock was to go down, I would run out of money, not only that but I wouldn't be there when it moved up. Now I do have a certain tolerance an threshold for lose. When that is reached, then I sell an lick my wounds an move on.;-((((((((((( Now in a market environment that we have now, I am at home. I don't really worry about it. I depend even more on the T/As. There is money to be made. As an ex-commodities trader an current BBer, I find this market environment very conducive. The market is fast an therefore you have to set your indicators to reflect that. One has to adapt an if you can't then you are out of the picture. Therefore the T/As are very important for one to exercise MM or RM. IM is the only unknow here an that can through a monkey wrench into the whole picture. So one has to be very diligent an astute. All the old pretences go out the window. 50, 100,200 day moving averages are history. You now have to work off of 3,7,an 14 moving averages. When the environment changes then so do you. As far as BBers to recommend to new investors, I strongly recommend them. First, they are affordable, second, one has to do their DD an third, you have to be astute. If you can master them then you are ready to move to the big board stocks. You must have a program with the BBs to trade them successfully. You must have resources, Information is the key. You must watch the intra-day trading, the daily, an the weekly. By learning how to trade BBs you then can trade Chips regardless of the environment. Now granted, there are 3 worlds out there, commodities, BBs, an chips an they are all different, but if you can trade the earlier successfully, then you can trade the chip also an be successful. If you follow the rules for the first two an use them on the latter, then it is all a piece of cake. It all become academic. It becomes a natural flow an there isn't anything that can change it. Ron