AKK 0.00% 0.3¢ austin exploration limited

AKK - why the share is heading up, page-36

  1. 1,528 Posts.
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    My God talking with you guys is like me actually being in the 'AKK special school for high functioning children'.

    First- I stated, Do not rely on one thing whether it's FA or TA etc. - And what have you done? You go on a diatribe about how you only utilise FA and the highest level software and algorithmic technical traders. Unless they make 200%+ return for you per year I am beating them. Why? Because to be best trader you cannot get bogged down on one thing. You need to have an entry and exit plan, and you cannot view every trade as some sort of long term investment.

    And it is a little sad you did not understand my comment about how focusing on one element eg. IP30 in FA means you are taking your eye off of the ball because what drives markets is not solely one element. I utilise: building fundementals within a company, strong technicals, room to move, impending positive news announcement and changing macros to choose my entry. And 'exit' isn't a dirty word - if some one chooses to stay in for 5 days good for them - 1 day? Fantastic! 14 Days? Yay for them! 90 days? Great! I always consider the longer though the more at risk of being hit by negative things which are outside of your control. Either a unknown known, known unknown or worst stilll an unknown unknown.

    Finally, you say you use FA and TA and multiple methods - but you are really not. Giving your money to a TA trader and then relying on solely FA does not mean you are using multiple methodologies and tools. Additionally you fall for a basic investors thinking error that you need the latest whiz bang TA software to do TA - This is wrong. Remember how I said KISS - that means 'Keep It Simple Stupid'. You appear to be continually taking your eye off of the ball and you will miss a good AKK entry and exit point due to this. I have been in companies and trades where CA's will sit there and argue about accountancy methodology with their autism suffering buddies and they will completely miss an entry an exit point - "oh too bad you missed that? Aww next time my little buddy"

    And last of all 'face palms' - As I have already stated - this is AKK and not RIO-TINTO this is not a big blue chip stock with an assumption of high levels of safety. That means you need to consider how long you will stay in such equities due to such risk. And, no I am not suggesting anything is absolutely wrong with AKK but if you went beyond your little world you would understand there are risks relating to AKK as I have already stated. a few of you guys are in the wrong company with AKK as it is like you want 0% risk with large return and AKK isn't that. Look at its trading current price for gods sake! But does it mean you should not enter AKK at all? No! Enter AKK but use multiple tools and methods to analyse your potential entry and exit point and take profits early and repeat. This is not a set and forget situation. And if people do this at least it will also assist with getting some liquidity running through it.

    PLEASE - stop treating everything like it has to be some long FA trade and expand your skills a bit more.
    Last edited by bruutz82: 10/08/16
 
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