montogomery's analysis, page-24

Frankly I blame myself for not watching my investment more closely. I should have known more about TA then maybe I would have seen the general market downturn by around May at least.

I was very new when I got into MCE. It went up so much I said to myself, 'I'll get out when it hits 100% return'. It got within 5c of that for me before the market tipped over. Doh! Didn't know about TA. Didn't know about stop losses. I kept listening to Roger bang on about it so I thought it would start climbing again.

I held on and held on and kept telling myself this is for the longer term, this is for the long term.

Well, it may do very well in the long term but boy I could have gotten out at a much higher price and back in at a much lower price and thus locked in some profit if I had some TA smarts on my side.

I'm now trying to rectify that by learning all I can about TA. Fundamentals are great but even fundamental guys like Roger use TA for better entry and exit prices. Now I will too.

I could have made 98% profit but instead I ended up with 5%. Oh, well. Lesson learned.