trading the stockmarket

kitster_2

been following this free to use site https://www.chart-breakouts.co.uk
Pretty good performance with many of their trades making 30% in a few weeks.No nonsense site, would recommend it for anyone thinking of getting into the stockmarket and learning about trading.

sambessey

hahaha..... anyone who puts their financial future on the line over a few patterns in graphs needs their head checked; for every one of these where the 'cup and saucer' (or whatever it is) graph has found a winner, I bet there are 10 examples of it failing. Look at the Motley fool's aptly named 'foolish four' if you need any more evidence these 'patterns' aren't anything more than complete folly...

Hey I've found an sp graph looks like Jesus' face, does it mean I should lump my life savings on it?

kitster_2

each to their own but they have a good a very good record and they trade breakouts on reasonable pe levels which is near enough what i do, just came across it and worth a look i thought.Much better than some of these 'tip sites' which want ££s for their wondeful tips that keep arriving in my mailbox.I use charts and fundamentals backed up by research,helps me and i've successfully traded for a living for the last 10 years since i was 24.

kitster_2

well they've had a big riser today !!!

TEP one of their latest up 8%.

interesting stuff this breakout business.

prudryden

I use a system where I find a stock that has substantially more buys than neutral or sells from Research Firms on a fundamental basis.

I then use another system that tells me the technical recommendation for each of those stocks.

The idea is to let the profits run and cut the losers with a technical stop loss based on previous history.

This is not for long term investors, but for traders.

kitster_2

sounds ok, i use charts backed up by fundamentals or even fundamentals backed up by charts and then put these on a watchlist.

If you put the list they feature on this page

http://www.chart-breakouts.co.uk/about%20to%20breakout.htm

into a monitor and then watch for volume increase and then breakout this can be beneficial. Volume is the big key imo, last week they wrote about volume suddenly increasing in UVS, lo and behold a bid was announced on friday.
Its all about doing a little research imo, this way you'll churn out plenty of winners.

EdInvestor

Churn being the operative word :rolleyes:

prudryden

EdInvestor wrote:

Churn being the operative word :rolleyes:

Why sit on losers and wait forever just to get even?

kitster_2

breakout trading is fast moving, i love it. 10% 15% 20% 30% in days.
Look at a decent share chart, up a bit down a bit, up alot, down alot, ride those trends and breakouts!

equitydealer

I don't use charts to trade, fundamentals are the key.

prudryden

equitydealer wrote:

I don't use charts to trade, fundamentals are the key.

I agree, but too often, I find top analyst at different firms contradicting each other. Goldman says buy, Merrill says sell. So you find the equity that the majority like, and then back it up with the technicals as a comfort that the insiders are not going to spring some surprise, like Enron.