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Re: baldingcontrarian post# 6994

Friday, 11/23/2018 10:31:04 PM

Friday, November 23, 2018 10:31:04 PM

Post# of 11429
Thanks for the comments. Technical's are all I focus on. The fundamental analysis is past tense at a specific date and is irrelevant once the ink dries - meaning the business is dynamic. Therefore, I'm not an investor. Nothing wrong if others are it's just not part of my written trading plan.

With that being said, I don't focus on the EPS, Book Value, or whether or not a company is pending any news, acquisitions, etc. It's all noise to me.

My main focus is how the technical's perform once 'any' event is released and digested by the markets.

I think Mexico will do something with cannabis beverages, but whose to say it'll materialize... all speculation and noise until it happens.

When trading as a primary source of income, my trading plan doesn't consists of holding shares of stock to ride waves against my position, unless the stop-loss %'s are initiated by me (which are all mental and pre-determined before my trade; not pre-entered into a platform).

Always have a trading plan (even if investing), protect capital, cut losses short, and never go against the trend.

Have a safe and wonderful night.

Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.