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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (2715)	3/10/2005 12:26:55 PM
From: Bob V	Respond to of 13449

But if you have a system of set-ups, entries, etc., what do you need FA or TA for? I use FA to screen for stocks. If the stocks don’t meet my FA criteria I don’t trade them. I use TA for my set ups and entries

To: kodiak_bull who wrote (2715)	3/10/2005 3:45:55 PM
From: Bob V	Respond to of 13449

KB; To continue the discussion on TA/FA unless you are picking stocks to trade randomly (throwing a dart or picking a name out of a hat) or using a psychic I would think you would have to use either FA or TA. If you choose your stocks based on company performance (past present or future) that’s a form of FA. If your choose your stock based on price performance, that’s a form of TA. You have to use a very simple form of TA to determine that a stock is trending. I agree that there is nothing out there that can tell you where the price will go tomorrow. However if the price has been trending up then the odds are it will continue in that direction. A good system, for example the one Dabum is using, lets you bet on the direction of the move but protects your capital with stop losses. When you build your system, based on your own experience and personality, you probably end up using some form of FA or TA. Or you could throw a dart, buy the stock and hold it until it exceeded whatever target you set, then sell. No FA. No TA. And who knows you might outperform everyone with a system. I’ve heard stories of contests with analysts, brokers, gurus and a monkey, with the monkey always winning.