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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?


To: dfund who wrote (5212)1/25/1999 8:43:00 PM
From: WHITEAGLE  Respond to of 9824
 
Charting ... It tells you what "Has already" happened. Using any number of the internet stock investing programs is a good way to start. There is an earlier post that has clearstations page. They have charts there. I dont prefer them; they are hard to read and project from.

The one I like is a free one from Itrader. It lets you make lots of adjustments to look at the data better. MACD, Stocktastics, relative strength index plus loads of more data than one needs.

The Key is that it tells you what "is past" not what is future. The investor using charts basically makes educated Guesses based on the the charts and their experience.

I am not a "chart only" investor; that would be deadly in the BB arena. But I do use the charts to project, and have pretty good accuracy doing it. Because After I check the data I ultimately go by a gut feeling that is made up of lots of other info .... Usually not emotion ill health or what I ate.

Today I blew it. I charted and projected well and could have played instead of watching my monitor most of the day. I know better but I felt a bit of emotional tie to Ol' TNRG today and having a nasty cold and nothing better to do I wasted my whole day while the stock performed as I projected. But I pulled my buys and sells and basically allowed a pretty good day of trading to slip by that would have pumped up my TNRG's holdings a bit.

Just one more of a string of investing lessons.
Dont know of any books to recommend. I never read manuals. Even when I build computers or learn new software.

hehe ... of course It would have been cheeper to fly in a tutor on a 3 week visit to teach me investment strategies.

George