RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-08-01, 12:22 PM)isatrader Wrote:(2014-08-01, 08:10 AM)pcabc Wrote: Talking about market turmoil, I believe that I have a much better handle on the method now than I did towards the last quarter of last year. I don't just buy on price charts that look right, I look at volume much more, actually look at 'forest to the trees' etc but I'm having much less luck now. Of course, the sample is too low to be meaningful, it could be me or it could be a hint that it is a tricky time.
I think that ones an easy one to explain, as you only buy UK stocks, and the UK markets have been in Stages 3 and 4 of late and massively under performing the US and other markets, and so if you were using the forest to the trees approach correctly then you wouldn't be doing much buying over the last few months except for in exceptional cases that have A+ potential and can buck the market trend due to having exceptional volume. As the first part of the forest to the trees approach is considering the market Stage.
I think I'll have to review where I make my trades.
Just ditched a few more things that have fell below breakout. Did buy HAL (US) for a change but I was not picky enough about volume and have just had to bang out as it dropped below breakout.
Hopefully this is all good experience.