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Stock, ETFs basics

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  #11 (permalink)
kazz
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deaddog View Post
Long term positions are sold after they make a swing low below the 30 wk moving average then trade below that low.


Short term if they break the trend line drawn on the swing lows.

OK, thanks that makes sense. Interested to know why you've gone for the 30 wk moving average as it's an unusual number. Did you decide on this after trial and error? Thanks.

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  #12 (permalink)
 deaddog 
Legendary Market Wizard
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kazz View Post
OK, thanks that makes sense. Interested to know why you've gone for the 30 wk moving average as it's an unusual number. Did you decide on this after trial and error? Thanks.

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Stan Weinstein's book "Secrets for profiting in bull and bear markets" written in 1988 which I read after the 2001 tech wreck when I decided that buy and hold wasn't for me.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #13 (permalink)
kazz
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deaddog View Post
Stan Weinstein's book "Secrets for profiting in bull and bear markets" written in 1988 which I read after the 2001 tech wreck when I decided that buy and hold wasn't for me.

Ah, I've been reading lots about this book by Stan Weinstein. Checked it out on Amazon as well but didn't want to pull the trigger due to the fact it was published in 1988.

What is your opinion of the book, is it still relevant today and worth buying?

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  #14 (permalink)
 deaddog 
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kazz View Post
Ah, I've been reading lots about this book by Stan Weinstein. Checked it out on Amazon as well but didn't want to pull the trigger due to the fact it was published in 1988.

What is your opinion of the book, is it still relevant today and worth buying?

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It is to me. It is a method of market timing that kept me out of the 2008 downturn.That said all the examples are pre 88

Basically 4 market stages, How you determine when to get in or out is a personal choice. You can probably find the same info online.

Study long term charts and find a method that you think might work for you, then forward test it. Nothing works all the time. I'm more interested in capital protection than I am in capital appreciation. I don't mind if the market goes up without me as long s it doesn't go down with me. Cash is a position.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #15 (permalink)
kazz
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deaddog View Post
It is to me. It is a method of market timing that kept me out of the 2008 downturn.That said all the examples are pre 88

Basically 4 market stages, How you determine when to get in or out is a personal choice. You can probably find the same info online.

Study long term charts and find a method that you think might work for you, then forward test it. Nothing works all the time. I'm more interested in capital protection than I am in capital appreciation. I don't mind if the market goes up without me as long s it doesn't go down with me. Cash is a position.

Thanks. Do you find there is much more value in analysing long term charts? By this l assume you mean weekly charts?

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  #16 (permalink)
 deaddog 
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kazz View Post
Thanks. Do you find there is much more value in analysing long term charts? By this l assume you mean weekly charts?

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Works for me. I'm looking for stocks that are going up. A nice smooth weekly chart from bottom left to top right points me in the right direction.

I'm also a follower of Darvas.

I'm a trader rather than an investor but I don't mind and would prefer to stay in trades for a long time. I just recently unloaded some stocks I had held since 2009.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #17 (permalink)
kazz
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deaddog View Post
Works for me. I'm looking for stocks that are going up. A nice smooth weekly chart from bottom left to top right points me in the right direction.

I'm also a follower of Darvas.

I'm a trader rather than an investor but I don't mind and would prefer to stay in trades for a long time. I just recently unloaded some stocks I had held since 2009.

2009, wow. As a trader do you think that you made more by holding these stocks rather than dipping in and out buying lows and highs? Also, curious to know what prompted you to sell now? Thanks!

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  #18 (permalink)
 deaddog 
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kazz View Post
2009, wow. As a trader do you think that you made more by holding these stocks rather than dipping in and out buying lows and highs? Also, curious to know what prompted you to sell now? Thanks!

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It is hard to say if I made more. I feel that my returns are about the same with a lot less stress and much more time to enjoy life.

Short term trading (Day trading stocks and e-minis) took up too much of my time spent sitting in front of a screen. I wasn't talented enough to make spectacular returns. I made what I considered a reasonable return (exceeding the S&P by a few percentage points) but found I could do about the same swing trading.


I sold off stocks that broke the long term trend line. An Example is Vail resorts MTN. Look at a weekly chart, bought in 2012 at 48, I bailed at 230 when it traded below the swing low.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #19 (permalink)
kazz
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deaddog View Post
It is hard to say if I made more. I feel that my returns are about the same with a lot less stress and much more time to enjoy life.

Short term trading (Day trading stocks and e-minis) took up too much of my time spent sitting in front of a screen. I wasn't talented enough to make spectacular returns. I made what I considered a reasonable return (exceeding the S&P by a few percentage points) but found I could do about the same swing trading.


I sold off stocks that broke the long term trend line. An Example is Vail resorts MTN. Look at a weekly chart, bought in 2012 at 48, I bailed at 230 when it traded below the swing low.

Thanks very much for that, appreciate the info. Interesting to see that your returns were not the spectacular returns promised by many. Maybe this shows the reality of trading.

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  #20 (permalink)
 deaddog 
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kazz View Post
Thanks very much for that, appreciate the info. Interesting to see that your returns were not the spectacular returns promised by many. Maybe this shows the reality of trading.

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Remember Bernie Madoff promised 12% and he had people lining up to invest.

If you can consistently beat the market you are doing better than the majority of fund managers.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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