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Re: [sharechat] FA/TA

From:	"Morgy 40" <morgy40@hotmail.com>
Date:	Fri, 26 Sep 2003 18:49:31 +1200

Trader 100

A great question. I to await the reply.

Regards

Morgy

>From: "trader 100"

>Reply-To: sharechat@sharechat.co.nz

>To: sharechat@sharechat.co.nz

>Subject: [sharechat] FA/TA

>Date: Fri, 26 Sep 2003 05:09:34 +0000

>Phaedrus,

>I am always interested in learning more from you so here are a

>number of questions about your recent post and a bit of background

>on where I am coming from.

>Like you I started investing by basing my decisions solely on FA.

>For the reasons you have identified over the years (plus a few

>others) I become disillusioned with this approach. This lead me to

>TA and through the process of developing a system that seemed to fit

>my personality, paper trading the system and then finally trading

>for real. During the time that I have used TA I have based my

>decisions solely on TA thereby ignoring company fundamentals. I too

>have noticed that my bigger losers tend to be companies with poorer

>fundamentals.

>I have come to the point of combining TA and FA but am unsure about

>the best way to do it. If TA is at one end of the spectrum and FA

>is at the other I believe that I will always be more comfortable

>closer to the TA end. One option is therefore running my filters in

>Metastock to determine potential trades from a TA perspective and

>then checking the fundamentals on a website such as:

>http://investor.ninemsn.com.au/investor/shares/research

>(I tend to trade mostly ASX stocks). The problem with this is that

>I believe I will find it very tempting to simply follow the TA

>signal (especially if it is very strong) and ignore the

>fundamentals. The other option is obviously creating a list of

>potential trades based on fundamentals and then running a TA filter

>over these candidates. This would be my preferred option but I am

>unsure how to do it without manually going through each of the 2000

>ASX stocks on the website above. This would need to be updated from

>time to time so the task would seem to be a big one. Have you got

>any ideas on this?

>Lastly, what fundamental criteria have you found to be useful for

>separating out the �good� from the �bad�?

>I�d appreciate your comments.

>Regards,

>T100.

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