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I have posted wins and losse on this forum. However I have
never used nor will I ever use anything fundamental.
However all FT use TA to an extent, they have to, Where do you
get price from? a Chart!
Woody
----- Original Message -----
Sent: Friday, October 03, 2003 8:48
PM
Subject: [sharechat] balance required. by
macdunk
We have had lots of Ta posts on the forum,
with little Input from the Fa posters. Ta Is a system that you should
progress towards, after learning and being successful with Fa
first. I do both to a certain extent, and follow
trends. To be good at anything understand your strengths and
weaknesses. Over do what comes easy, and avoid what
you are hopeless at.
I developed my own system picking the brains of
both Ta and Fa posters much to the annoyance of some of the brain
dead.
Four years ago I had never used a computer, Invested In shares
or even thought of It. I thought It was time to teach myself
some new tricks, so I bought a computer worked out the share
market on paper first, realized It was money for jam, and
Invested In the market. Yesterday I
sold out poa at $8.10 which makes It that If I sold all my
shares My Initial stake Is double.
The reason I say this Is to
let some of the new people understand that a normal person with common
sense can create there own systems, regardless If It Is ta or fa
. Best deal over the last 12 months
sold wri
at$1.30 a 30pc gain bought poa at $6.25 with the money and
sold at $8. 10 a 33pc gain Inc dividends
Have three companies
trending along nicely Aia. Hqp Pwc also have pot which will come
Into a trend later.
what did I buy with the money from poa you
may wonder?. I stuck It all on hire quip.
I did
post over a year ago that I sold wri and bought poa, so this time I let
every one know all over again which leaves me open for ridicule If It
turns to custard. The one thing I do notice with TA
people, they will never say I bought this or that today, always how good
the system Is . FA people are more Inclined to be
honest, and let It known when they make a clanger.
My
record Is one bad deal In five so far, but my system Is to buy In stages
which means the first stage supports the second If I am right, and my
10pc stop loss takes effect on the smaller amount If I am
wrong. let It be known that Ta compliments Fa and some
people use both.
cheers macdunk
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