Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (22688)	5/23/1998 7:14:00 PM
From: Slava Chechik	Read Replies (2) \| Respond to of 95453

JBE, seems you are using mostly FA. Remember, FA works for a long time span. So give your stocks that time and buy/sell your stocks based on fundamentals. All numbers used in FA are based on previous results and today price. Well, it is if you are using last year temperature to find temperature tomorrow. But if you use 10 years average, you can get an average for next 10 years pretty close. If you are using TA use RSI, Momentum, %k%d and follow them. If you bought stock using TA and trade did not go way you expected to do not ask FA about help. It did not work for me. Do not say PE is low and they have a lot of cash, etc. Make up your rules and follow them. It is all about discipline. Decide how much you can lose and cut your loss no matter what. Few times stock will move back, but in most cases it will help you to prevent bigger losses. Make a distinction between trade and investment. Have a tight stop loss on trades and wider stop loss on investment. All those stop losses better be mental stop losses, then actual on your broker book. But be ready to execute them any second. Get a book " How to make money in stocks" by W. O'Neil and "Trading for a living" by Dr. A. Elder. They helped me a lot. Regards, Slava Chechik