Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: Strat442 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62  
Subject: Re: Wizard Date: 3/4/2005 11:37 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hi dt,

Exit strategy? Good point. In retrospect, that would be a good thing to use next time. I didn't have one set up because I hoped the run up would last longer (or at least hoped there would be a run up) and with my LTBH methods I didn't need one too much.

The indicators I used in no particular order were:
- MACD(12/26) crossing over the MACD(9),
- 50 DMA crossing over the 200 DMA,
- Stochastics under 50 (but if I remember correctly I ignored this at least once),
- Increasing volume,
- Candles indicated a bullish buying opportunity (as defined on the Stock TA website): http://www.stockta.com/cgi-bin/analysis.pl?symb=TCOM&num1=1&cobrand=&mode=stock

That's about it. I would also do a basic look at the company and read the latest news articles.

I feel it's a case of jumping in after the run-up and holding on hoping for it to happen again. I sold all the CAAS for about 50% loss but am still holding the TCOM hoping a LTBH strategy will still make it work out. Down about 75% on it currently. I am eager to get involved more with the rising opportunities in China...maybe too eager at times, but see a lot of potential there. But, back to TA...

Without a specialized computer program looking for my "set" of criteria when to buy/sell I think I'm a bit handicapped finding stocks to consider, and don't think I'll ever be a big trader so no need to buy one, so I watch the lists of hot movers and drop into message boards sometimes to look for ideas.

That's about it. Still evaluating "what went wrong" which could take awhile. Mainly I could reduce it to rushing in at the wrong time with no idea what caused/would cause the stock price to move either direction.

I would appreciate your insights, comments and observations to help me grasp this better. Who knows, I may find some "mad money" again someday and would like to have some fun! Making $$$ would be fun! Ha ha! Thanks, dt.

Paul

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Ringing the NASDAQ Bell
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement