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=stockThat'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
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra