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+--- Thread: Stage Analysis Beginners Questions (/Thread-Stage-Analysis-Beginners-Questions)
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RE: Stage Analysis Beginners Questions - sjappie - 2022-03-04
Stan Weinstein says in his book to always look at the trend of the general market, dont buy if its going down. But now the S&P is trending down but the commodity sector is going up, if i listened to Stan I didnt make money on commodities. Or does he mean something else?
RE: Stage Analysis Beginners Questions - isatrader - 2022-03-04
(2022-03-04, 07:34 PM)sjappie Wrote: Stan Weinstein says in his book to always look at the trend of the general market, dont buy if its going down. But now the S&P is trending down but the commodity sector is going up, if i listened to Stan I didnt make money on commodities. Or does he mean something else?
Commodities is a different asset class to stocks. So you have treat each asset class differently, as when he talks about the broad market in the book it only refers to stocks. If trading commodities then you need to look at the commodities market instead.
RE: Stage Analysis Beginners Questions - sjappie - 2022-03-04
(2022-03-04, 07:46 PM)isatrader Wrote:(2022-03-04, 07:34 PM)sjappie Wrote: Stan Weinstein says in his book to always look at the trend of the general market, dont buy if its going down. But now the S&P is trending down but the commodity sector is going up, if i listened to Stan I didnt make money on commodities. Or does he mean something else?
Commodities is a different asset class to stocks. So you have treat each asset class differently, as when he talks about the broad market in the book it only refers to stocks. If trading commodities then you need to look at the commodities market instead.
thanks.
RE: Stage Analysis Beginners Questions - sjappie - 2022-03-25
Where would you put the stop loss, below the 200DMA at around 15?
RE: Stage Analysis Beginners Questions - pcabc - 2022-03-26
(2022-03-25, 04:16 PM)sjappie Wrote:The problem you have doing that is that if you hit your stop loss you will be down 40-50% on the position. You need to ensure that if your position fails it won't take out 1-2% of your over all account. A 40-50% loss on a position is just too much.
Where would you put the stop loss, below the 200DMA at around 15?
Better to look for other opportunities, even if that means a long wait.
RE: Stage Analysis Beginners Questions - sjappie - 2022-03-26
(2022-03-26, 02:03 PM)pcabc Wrote:I have that stock for almost a year, I have to raise the stop loss. It’s not for trading.(2022-03-25, 04:16 PM)sjappie Wrote:The problem you have doing that is that if you hit your stop loss you will be down 40-50% on the position. You need to ensure that if your position fails it won't take out 1-2% of your over all account. A 40-50% loss on a position is just too much.
Where would you put the stop loss, below the 200DMA at around 15?
Better to look for other opportunities, even if that means a long wait.
RE: Stage Analysis Beginners Questions - pcabc - 2022-03-26
(2022-03-26, 08:02 PM)sjappie Wrote:OK, I misunderstood.(2022-03-26, 02:03 PM) pid=\19280' Wrote:The problem you have doing that is that if you hit your stop loss you will be down 40-50% on the position. You need to ensure that if your position fails it won't take out 1-2% of your over all account. A 40-50% loss on a position is just too much.
Better to look for other opportunities, even if that means a long wait.
I have that stock for almost a year, I have to raise the stop loss. It’s not for trading.
RE: Stage Analysis Beginners Questions - Lebo44 - 2022-04-08
This is interesting.
I'm scanning through the latest Global Trend Alert issue (that Stan shared) and what do I see??
"Unfavorable Groups:
Acquisition Companies, Airlines, Alternative Carriers, Aluminum"
Aluminum???? The chart of this sector looks very bullish. The biggest stock in the group, Alcoa (AA), has also been very strong, for months.
Any idea why the sector has been put under "Unfavorable" category?