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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (26726)12/31/2001 4:10:55 PM
From: Terry Whitman  Read Replies (2) | Respond to of 52237
 
It's a good idea to review your trades at year end. I sold one for a tax loss today. It looked dangerous TA wise, and it helps offset cap gains for the year.

I have not read any Van Tharpe. Will have a look.

Looking at my trades for the year- A pretty good year considering the low capital I put at risk. A majority of my profits came during last January. Also closed out some good winners in April and in August. You miss a month, and you can miss alot- on the right month. <g>

I have increased my risk (by increasing longs) over the past
3 months. A/D line actually positive today. Today was tax selling of the years best and worst performers- look at the Dow components. Biggest losses, MSFT and EK - best and worst Dow performers for the calendar year.

Happy New Years Chris, and all.

TW



To: Chris who wrote (26726)1/1/2002 9:28:59 PM
From: Chris  Read Replies (1) | Respond to of 52237
 
BOUGHT THE VAN THARPE BOOK!

very complete on coverage of topics (see amazon table of contents). the book went from simple to advanced. table of contents LINK: amazon.com

This book should be for those that have mastered the BASICS of TA and basics of trading. Ironically, it should be the first book to be READ for trading, but for beginners, most of the material would be hard to relate.

However, this book is perfect me. I've tried some of the different exit strategies on my own, and they are all mentioned in the book. Because I've tried it myself, I can relate to the topics.

For a beginner TA'er, who doesn't even know what a moving average is, it would easy to assume that the beginning trader would lack the comprehension of using moving average of a stop versus a volatility stop.

I will add more comments as I read the book. For those that don't me, I RARELY buy books and rather sit at the bookstore reading it. But, this book was so packed with information, that I bought it. $30 v. $500-$2000 his course, easy decision.

Also, he has a comprehensive comparison between other trading strategies and how they use exits/stops. Again, after many years of trading, those trading strategies are more familiar.

I hope my above post made sense. I'm just typing away -ggg-

Thanks again for ALL THOSE PM's from ppl reviewing and commenting on the book. Any other good books, please share with us! Again, trading, there is NO HOLY GRAIL. You must try different setups/strategies, and see how they fit with your psychology.