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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (26933)1/13/2004 11:05:07 AM
From: E. Charters  Read Replies (1) | Respond to of 39344
 
Fool that you are! If you don't know TA, you have NO BUSINESS with your finger on the buy/sell button! Learn the basic 20 indicators from Jake Bernstein or don't return to the trading desk! You will just lose what little money you have left. Don't mix fundamentals and TA unless you know absolutely what you are doing. Otherwise just hand your wallet to your broker and get it over with!

Well of course I am kidding. Let's not get neurotic.

Of course Trade Station is a tad pricey. Have to be a pro trader to afford it. If you are really nice to me, maybe I could arrange something very close to the reality.

Momentum vs its own moving average is very good. Use it. Try looking into key reversals. Have to wait all day for them, but they are very very good when combined with other indicators. The key is the combos. At certain times accumulation distribution is good.

Read Jakie Bernstein. He only has 30 good layman-oriented books about it. Damned good start and fascinating instructional reading. Any questions just ask. We have written about 30 complex high average indicators and studied them for about one year.

Basic thing to avoid is trapped contra movement paralysis. Trends against hypnotize you into believeing they may reverse. Cut losses always, unless god is telling you it's a no brain temp thing. Practice money management. I have a system for that. Be brutal and keep your eye on your wallet. Discipline pays big dividends.

If you are investing fundies, go long people/sectors/areas/1 year to develop stories. In this market you should retire on this go round. See you in cancun/costa del sol.

EC<:-}