Penny Stocks | Investing Online - View Single Post - MP -- LONG TERM HOLDING

mp6140 · Sun, 03-05-2006, 10:44 AM

as much as im a died in the wool daytrader, there are times i deviate from that direction and that time is where my 2 daughters are involved. I guess im as guilty as the next of being putty in their hands, which they know and which i know they know, and they know I know they know --- so it all works out !

so a few years ago I decided that they should have a trust fund, just like all the rich peoples have, and desiring to spoil them rotten, i took a small amount and did just that !

It was to be a buy and hold strategy, as i could not monitor the 28 or so stocks in their account, and daytrade the ones i do now --- not without a few more arms, hands and eyes !

so with a smattering of gold and silver, petro and healthcare, i found UPTRENDING long term stocks, divided up the assets and went ahead with the plan !

THERE WAS ONE PROBLEM --- i didnt have a clue as to how to monitor these stocks and winnow out the bad ones or see where a trend was heading on the good ones !

what everyone usually does is look to the MACD as a guide, and while it is a very good indicator for a longer term strategy, i wanted a "backup" confirming indicator.

mikeys method uses the Fisher Transform (which i use on qt and the daily prophet.net charts) and the fisher is also the basis of one of those high falootin $4000 stock trading systems, so i looked at it once again.

cutting to the chase, after some experimentation, i set it to (9,20) and let er rip. It confirmed the MACD, and provided some extra clues that confirmed the SMA 20 that i use as a yeah/nay indicator also, but while the FISHER confirmed the movements and overall direction of the stock, adding the TRIX at 9,28 and 14,28 solved all the problems. for shorter term charts, i use the 9 and for the longer term charts 3-5 years, i use the 14.

the TRIX shows me, especially by the direction of its signal line, which way the stock is going and the FISHER shows me tops and bottoms of the move !

END OF STORY --- The MACD at 10,30,10, the FISHER TRANSFORM at 9,20, the TRIX at 9,28 or 14,28 and the SMA 20 ---- that, and the addition of a long term chart (3-5 years) with its own LRC, and i was in business ----

if youre interested, try it on for size ---- and where i stay away from bragging, its gone up by. . . . . . . . . . . . . . . . . . nah, think i'll just stay away from bragging !

enjoy and trade well --- the money is the reward of the game, not the game itself !

mp

Sun, 03-05-2006, 10:44 AM	#1 (permalink)
mp6140 CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005 Posts: 839	MP -- LONG TERM HOLDING as much as im a died in the wool daytrader, there are times i deviate from that direction and that time is where my 2 daughters are involved. I guess im as guilty as the next of being putty in their hands, which they know and which i know they know, and they know I know they know --- so it all works out ! so a few years ago I decided that they should have a trust fund, just like all the rich peoples have, and desiring to spoil them rotten, i took a small amount and did just that ! It was to be a buy and hold strategy, as i could not monitor the 28 or so stocks in their account, and daytrade the ones i do now --- not without a few more arms, hands and eyes ! so with a smattering of gold and silver, petro and healthcare, i found UPTRENDING long term stocks, divided up the assets and went ahead with the plan ! THERE WAS ONE PROBLEM --- i didnt have a clue as to how to monitor these stocks and winnow out the bad ones or see where a trend was heading on the good ones ! what everyone usually does is look to the MACD as a guide, and while it is a very good indicator for a longer term strategy, i wanted a "backup" confirming indicator. mikeys method uses the Fisher Transform (which i use on qt and the daily prophet.net charts) and the fisher is also the basis of one of those high falootin $4000 stock trading systems, so i looked at it once again. cutting to the chase, after some experimentation, i set it to (9,20) and let er rip. It confirmed the MACD, and provided some extra clues that confirmed the SMA 20 that i use as a yeah/nay indicator also, but while the FISHER confirmed the movements and overall direction of the stock, adding the TRIX at 9,28 and 14,28 solved all the problems. for shorter term charts, i use the 9 and for the longer term charts 3-5 years, i use the 14. the TRIX shows me, especially by the direction of its signal line, which way the stock is going and the FISHER shows me tops and bottoms of the move ! END OF STORY --- The MACD at 10,30,10, the FISHER TRANSFORM at 9,20, the TRIX at 9,28 or 14,28 and the SMA 20 ---- that, and the addition of a long term chart (3-5 years) with its own LRC, and i was in business ---- if youre interested, try it on for size ---- and where i stay away from bragging, its gone up by. . . . . . . . . . . . . . . . . . nah, think i'll just stay away from bragging ! enjoy and trade well --- the money is the reward of the game, not the game itself ! mp