Today was a good example of how my need for buying and selling on stop (since I work during the day and can't watch the market) can hinder my ability to profit. The markets opened down today, and many of my equities sold, only to recover later in the day. Today, I sold AGU, HXU, HOU, COS.un and ENF.un. On the other hand, I purchased TRP and S, so my level of investment balanced out a bit. I also still hold OCX, T, PN (the only small cap that I follow), and YLO.UN.
For tomorrow, the buys are HXU (yesterday was a false sell, due to the turnaround - you just have to get used to this with the method I use), FTT, LIF.un, QBR.B, and TRP (still a buy, but I already own it so I don't need to buy more, at least not yet).
I am still up about 2% overall YTD, which is pretty good when you compare it to the performance of the markets during that time. I was up 3.5% YTD about 4 days ago, but you have to get used to these swings from day to day. To really profit from my method (or when holding any stock), you need the markets to pick a direction and stick with it for a while. When the market trades sideways (a few up days followed by a few down days...), it can be hard to make any money, unless you day-trade (which I don't).
One of these days, I will post a complete list of the 10 ETF's and 40 or so stocks that I follow on a daily basis, and buy and sell according to the graphs. If anyone has a stock that they like to follow in this manner, I would love to hear about it.
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great info..if im a small investor with money i use from my tfsa account.stocks are all small caps an they are eme,bev,tbe,on the tsx..i also have a gold stock avr on the venture this is down 15% not sure if i should sell or just hold on to see what do u think?im a new investor just started in dec 09...any advise on this stock or my others would be great thks..
ReplyDeletepaul...
I checked out all of those stocks and they all are smaller than the ones I normally watch. That said, as long as the trading volume on each stock is decent, you can use my approach to decide when to buy and sell. I believe you asked this question on an earlier post, and I posted the response there but I believe the graphs say to:
ReplyDelete- hold BEV
- don't hold TBE
- graphs won't work on EME since it is a new stock
Regarding when to sell a particular stock, that is totally up to you but is likely the hardest decision to make - no matter whether a stock is up or down. That is why I use the moving averages and stop losses - so I decide ahead of time when to sell each stock and I don't have to make much of a decision at all, if I follow the graphs.
Hope this helps.