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Author: CBaker100 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36693  
Subject: Re: One week Fledgling Trader's report Date: 3/25/2008 8:44 PM
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After looking at the charts, I think the main characteristic on two biggest losers (the trades that I probably shouldn't have entered), was that the 50 day MA was declining and had crossed below the 200 MA on the daily charts. The weekly charts on both looked good. The relative strength was also either declining or trending sideways. On one of my losers the 50 and the 200 looked good on both the daily and the weekly, but relative strength had reached the oversold area. This is the one I got stopped out of on the pullback. Do you ever look back at a trade and say, "What possessed me?"

My biggest winners had an uptrending 50 dma above the 200 dma and the relative strength was rising. So do the ones I still have open.

Today I bought COST and AUY. I don't think I can link a chart, but if someone would take a look at it, I would appreciate it.
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