Wow, so u r a real trader so-to-speak. Are you making any profits from it overall through the years? I should really try this kind of software at some point of time, although I'm not sure I could take the hang of intraday trading -instead of taking a buzz I may have a heart attack!!
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
, and then not sleep all night because of the money I'd lost!-.
For my medium-term activity I only use consolidation patterns (triangles etc) and resistance lines -all of which I draw myself on Excel-, volumes, and -always- good old fundamentals; all these are usually sufficient to do a move say, each month or two, per stock. I also like to take advantage of extreme market moves that I think are not justified -e.g. in the case of a one-off unexpected event like this crisis now-. So e.g. in mid-Feb I bought for 12.5 a (good) stock that I follow for years now, and sold it last week for 18.06 -although it reached 8.8 in the meanwhile, but I knew this level of price was just ridiculous and was about the bottom, pure market exaggeration (it had come from a historical peak of 45)-.
But basically what I like most is the real business-aspect of the thing, i.e. I always look for stocks that might be underpriced because of some strategically good development that is about to happen or could happen. Betting your money on this is of course very risky as you depend on 1 million independent factors in play for your senario to eventually happen. The typical error I've been doing in this is to enter the stock too early, i.e. before the "good development" has really been guaranteed to happen. But I've learnt to cut my enthusiasm down -and my risk and profit also- and enter just after the price explosion has happened. Overall, I've always been intrigued by business ideas and plans and deficits, rates, and policies, etcetc, and I follow up these news daily just because I like to, so applying my info in stock markets just comes naturally I guess.
I think the best thing I've earnt from acting in the stock market is various lessons on human psychology (my own psychology, first of all!): it's so damn difficult to separate affect from logic!!
Also, the paramount rule that is soooo difficult to see in the beginning: don't be greedy, you'll loose it all!!
cheers & "good profits"
George
ps. I'm involved since 1997