Normal
I don't want to turn this into a stock picking competition but I do have the urge to comment No disrespect or criticism of your picks Nortorious as they are breakouts etc but those types of stocks are ones that can make you money quickly but on average over a longer period my experience has been that they can cost you dearly too.ABX may be worth a look but the other two would be dodgy imo.Not wanting to enter into a "mine is bigger than yours" discussion especially on this thread, this post is probably borderline anyway but compare these three as an example of what I am going on about.AIASGTTTS(PS - I haven't looked at any of the usual factors associated with these such as ex div, depth etc., I am just picking the pattern only as an initial example)My way of looking at those in comparison is that they have a consistent pattern and substance for the want of a better description (and they exist in the fundamental upper end of the market).My way of thinking is that you need more than just a standalone breakout pattern, you also need a resumption or potential repeat of a previous pattern with steady reasonably predictable movement in both directions where you can be almost certain that your stops will have minimum slippage should you be wrong.I may be wrong but over the years I have shifted away from the quick hit type breakouts to a more steady style of breakout and the results are enough proof that it works for me.Sorry to derail the thread slightly, just adding my
I don't want to turn this into a stock picking competition but I do have the urge to comment
No disrespect or criticism of your picks Nortorious as they are breakouts etc but those types of stocks are ones that can make you money quickly but on average over a longer period my experience has been that they can cost you dearly too.
ABX may be worth a look but the other two would be dodgy imo.
Not wanting to enter into a "mine is bigger than yours" discussion especially on this thread, this post is probably borderline anyway but compare these three as an example of what I am going on about.
AIA
SGT
TTS
(PS - I haven't looked at any of the usual factors associated with these such as ex div, depth etc., I am just picking the pattern only as an initial example)
My way of looking at those in comparison is that they have a consistent pattern and substance for the want of a better description (and they exist in the fundamental upper end of the market).
My way of thinking is that you need more than just a standalone breakout pattern, you also need a resumption or potential repeat of a previous pattern with steady reasonably predictable movement in both directions where you can be almost certain that your stops will have minimum slippage should you be wrong.
I may be wrong but over the years I have shifted away from the quick hit type breakouts to a more steady style of breakout and the results are enough proof that it works for me.
Sorry to derail the thread slightly, just adding my
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.