I wouldn’t get too caught up in what any one poster does. I’m...

I wouldn’t get too caught up in what any one poster does. I’m not here to convince anyone to buy or sell a $500m company like it would move the SP half a pip like some on HC seem to believe they can do. I’m an investor first and foremost who has learnt to reduce risks and maximise profits by adding TA to my toolbox, so I always trade a portion of everything I plan to hold. But it has to be a business I’ve already determined has LT potential for multiples of current value and I don’t commit anything for trading that I can’t afford to lock in LT if I need to ride out an unexpected storm. This recent purchase had more to do with having funds available at this time than TA, I would have bought SXY after the gap got hit if I hadn’t been throwing everything I had free at BPT and some other things at the time. As it happens I have another SXY buy order in the queue at 30c if you want to know. Fixed Stop losses don’t interest me, they are like a sick puppy sitting up begging to get hit, just a manipulator’s wet dream. That’s not to say I’ve never cut and run, I can think of a few occasions where I reluctantly admitted the company’s fundamentals no longer supported the original investment hypothesis it simply couldn’t achieve it’s goals, so I got out for those reasons, not on TA or any particular stop loss. However, what I often do for trading parcels I am winning on is use some TA tools as a trailing stop to take profits - it depends on each situation, so this is very general, but as an example of various extremes, for a stock that’s achieved it’s immediate ST goals and the SP has shot up rapidly, I might try to get out at the top if I see it eg gap up 3 days in a row or if it becomes overbought on B.Band/RSI indicators, but as the timing on that kind of thing isn’t always possible, once I know I’m in selling mode, I’ll use the PSAR flipping to a Sell as the Stop, so I’m locking in a certain amount of profit, not necessarily selling at the absolute top, but at least letting it run so I’m selling on way down not on way up. Then at the other extreme on a more steadily rising stock, I might decide I’ve enjoyed the uptrend too long if MAs Death Cross, which is generally the start of a new DT. It’s not rocket science and I think it’s wise to always consider the fundamentals at any point you are considering a buy or sell, rather than set up a TA rule for yourself and consider it set in stone. Anyway, whatever works for anyone, everyone has their own style to suit their personal circumstances. I’ve bought SXY at 70c and I’ve bought it at 12c over the years. I wouldn’t have ever bought it at all if I didn’t think it was a company on the way to being worth billions supplying gas to the East Coast next decade.
Talking of the Beach, that’s where I’ll be rest of the morning.