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- 3 April 2013
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Looking forward to other people thoughts on my FIRST attempt at creating a system.
I agree its a mish mash, but are you implying that sentiment and stops are fluff? Or that what I am doing is more a plan than a system? Can the 2 approaches be combined?
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Learn how to code, and Howard Bandy's work is really helpful for this.
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your SDL buy is EXACTLY what I am looking at doing to start off with.
I don't use stops and consider that to be a part of my edge and an advantage over other market participants that do
Oh my!!!
I've wasted an hr of my life.
Replying.
How silly of me.
Bit harsh Tech
Wow so much new information to digest. I dont really know where to start.
Also, your SDL buy is EXACTLY what I am looking at doing to start off with. (I know ill need more than one system/plan but this will be my first). I have been following SDL for a while but am not ready to pull the trigger. "analysis is simple, Sundance looks cheap so ill buy it, the project is still a goer, the ore body is substantial as are the obstacles." What makes you think its cheap on over sold more specifically?
My initial post was regarding looking for some bad news and then trying to buy when a stock is oversold. And I am trying to figure something out around that possibly using TA to develop a system. It does appear that my use of these words is a bit loose.
I have a tiny tiny budget at the moment and this will not be changing in the foreseeable future.
Hi
my advice for what it is worth after I would say 2 years serious trading (sop still a newbie):
I have multiple portfolios:
One is a "system" :not doing great but not loosing money, under development with known and controlled risk and adjustment as i benefit from my mistakes a learning process
and a speculative one where i usually use my "gutfeel"
it usually works like that on the gufeel one and you will recognised where SDL stands:
this share has fallen so much it is ridiculous,
I see a (medium/short term) up market and the long term should be good,
basic valuation is not repulsing,
it has just reached new lows
This is a sure winner so i buy!
and guess what, it is in a huge majority of case of lost money
gain if any are minimal in %, and loss are substantial when I finally get out
It is a never ending loosing stream
It is very hard to control the urge when it sounds so obviously undervalued..yet...
so my advice, clearly separate these gutfeel buys from the rest so that the $ figures will be clear and you learnt from your mistakes,
if you have limited $, do not even think about it: the worst which might happen is that you might actually have a lucky win in the first go, get cocky and then spend 5 years loosing money: this can be a gambling like addiction.
Anyone else experienced the same path?
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