HELP for a NEWBIE... perhaps BENEFIT to all?
NEWBIE here... reading all I can, observing, looking for any guidance anyone's willing to offer (public or private!)... have six kids (one in heaven) as my motivation...;) Found $heff board here because other folks I respect on other boards are here!
MAIN questions of course concern identifying the "right" securities, and determining entry/exit points....
I'm looking at HISTORICAL charts of real winners and trying to determine PREDICTORS/INDICATORS... short of staying tuned to "hot stock" PICKS (watch list of over 50 demonstrates many of them FAIL)... LIVE screening for volitile/sentiment-driven "power trends" (navigating the P&D well...) and trying to ride them by staying glued to L2 information :)
Seems many point to the Stochastic RSI as a key BUY /SELL INDICATOR (with the MACD/Volume/Candle Stick of course...). Is it just me (not being able to interpret well), or is the Stochastic RSI not an altogether reliable buy/sell indicator for PK/OTC? Seems generally reliable for consistent-major up or down trends (movements below .80/above .20), but often seems BIG moves take place in the middle... ?
ANX for example... would have signaled BUY on 10/13 closing that day at $.123 - would have sold on 10/21 (falling below .80) at $.15... Minimizing subsequent loss down to $.10 on 11/10 ... GOOD!
SAME INDICTOR (Stochastic RSI) BUY SIGNAL would have come on 11/23 or 11/24 at apx. .094 - followed by a SELL the next day at .10 ...
THEN... FOR THE BIG MOVE... it all remains inbetween... of course it would have been GREAT to get in on 12/08 at around .10 and ride it to current... NEWS didn't even come until 12/17... at which point it was at .19?
ANY THOUGHTS? HELP?
Thank you!
FatherofSeven
