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To: mahzman2 who wrote (10148)4/19/2016 12:24:48 PM
From: louel1 Recommendation

Recommended By
dsikorsk

  Read Replies (1) | Respond to of 10654
 
Your win loss trade average should be 70/30 +-. 5% Employing a money management strategy of a gain stop ratio of 3/1 trading equal investments is like an insurance program. It allows you to loose 7 out of ten trades and still make money over the whole ten trades. If you don't understand that philosophy I'll explain.

A lot of people loose for a couple of reasons. One they trade to often rather than put the work into finding the best setups. There are 3500 stocks on the Canadian exchange and close to 10,000 more in the US. to choose from with very good value and excellent chart setups if they do the research. But instead they buy something their neighbour heard about from a guy who overheard someone talking in a bar.

Then if it goes up and they have a profit they don't sell. Greed sets in wanting it to go higher. Not recognizing the chart and indicators are saying the run is over and it is going into a down trend. Next it is underwater and they are afraid to sell cause they will take a small loss. Pumpers and Sharks ridicule the sellers as being weak hands. Call those who say it is now time to get out Bashers. And the losses just get bigger. The first part of any loss is always the smallest. Sound familiar ?

Venture exploration stocks is not investing. It is gambling pure and simple

If you trade you can't use line or mountain Charts. They don't provide enough information. Out of 12 separate Charting windows with various indicators I employ only one window with a line chart on a 3 day time frame to portray a simple historic picture OHLC or Candle charts are the traders choice.

I use Candles with time frames ranging from 5 minutes to Monthly. With 4 moving averages on my main working chart. 10 / 21 / 50 / 200.
My main indicators are,

BOP: which tracks larger orders,
TSV 22: with a 10 day Ma using the TSV as it's Data source so I can see how the indicator is reacting as compared to it's past.
MACD: Both standard 12/26/9 And a trimmed more responsive10/22/8 for early warning potential entry points.
Plus I use Trend lines extensively.
I also like the Ichimoku cloud. It takes a lot of study to grasp. But trading is not a hobby. It is a business so you do what it takes.

There are many great books written on Investing and Trading. Investing is Fundamental, Trading is Technical. But they should both be used in combination whenever a person lays their money down. They compliment each other very well.






To: mahzman2 who wrote (10148)4/19/2016 8:10:59 PM
From: brundall3 Recommendations

Recommended By
Hog Head
Theotokos
Underhill69

  Read Replies (1) | Respond to of 10654
 
The more important question is how did you know when to trust or not to trust what the company was posting on their website?

Never trust anything that a Venture listed company has to say on it's website..... their asses are covered extensively by the cautionary notes re forward looking statements and so they can pretty much post what they like.....

Never trust any company reports, including news releases, unless it is a bankable feasibility study or official financial statement

Never trust the employees or directors of a venture company

Never trust that a venture company (or any company) is looking out for the best interests of it's shareholders

Always listen closely to 'naysayers' and 'bashers', they will save you money 9 times out of 10. Their concerns should be the basis for your due diligence.

Never listen to pumpers or overly optimistic posters on anonymous bulletin boards - they will lose you money 9 times out of 10.... and they make money selling while you are buying.



To: mahzman2 who wrote (10148)4/20/2016 2:51:32 PM
From: Hog Head  Respond to of 10654
 
Just curious as to what each of you have had in your investments as a percentage of good wins vs. something that did not work out. Just interested in what a normal success rate would be as right now I am batting 1000 in the wrong direction.

=======================

Personally, I have done reasonably well on other investments, but the losses I sustained investing in CF are higher than the gains I've made.

I make mistakes all the time - like selling Teck a couple days ago @ $12.68 (went to 14.70 today), and missed buying the dip on HBM (way up the last few days). But plodding ahead and trying to employ some of Louel and Mud's advice as well. Making steady headway anyways...

No more venture "gambling" for me, I think the deck is stacked too much against retail investors there. Until they clean up things I personally won't be putting and cash in there.