Replies to post #77472 on Innovation Pharmaceuticals Inc (IPIX)

[Citrati]

Well said.

"Thing is, an investor should do what a stock calls for. In some cases it is buy and hold (or buy and pray!). Sometimes a stock that is prone to wild swings of market emotion SHOULD be traded on the technicals. On these stocks it is often as easy as trading the RSI. Even long-term holds can be successfully traded a couple of times as the company grows based on overall market and industry conditions. Trouble is, traders get caught up in the emotion as well and break their own rules."

I know more than a couple. They are currently very active. The vast majority of their trades are in companies that are fundamentally sound and anticipate growth. Why, because they want to derisk the trade as much as possible. As you know, TA properly used, is another way to derisk by evaluating the odds in favor of the trade. Flexibility is needed because things change. As you stated well, "an investor should do what a stock calls for".
What befuddles me is why individuals must continue put it in either or terms.
To use TA without FA support is to do the opposite of looking to derisk the trade.

Be Green

[BioHedge]

NR, I respect your view but I don't agree with the technical trading aspect. Most retails don't have the discipline and training to do it successfully. There are certainly those that do but those characteristics are not present in 99.99% of the investing public.

That said, I do need to qualify my previous posts to more align with some of your thoughts. I'm in CTIX as long as key milestones are met. If material events happen, related to management, competition, technology or event the broader economy (war, terrorist, other black swan events), I will adjust my exposure in the markets (CTIX included and perhaps I wasn't clear on that front).

My point is most people have other jobs / lives and can't spend the time and resources to create and execute smart trading strategies. Perhaps there are a handful of the elite (active) investors on this board but from all the bitching and moaning heard when CTIX goes down, I'm lead to believe they are far and few between.

One must be smart both in buying and selling and the large majority of people have proven very to be bad at both.

[MinnieM]

I've got to look up where the conference is being held and book a room if they aren't already sold out. I'll be there if I can find a room fairly close.




In Reply to 'noretreat'
I know a couple of people who have done well with trading. One of them was the manager of a day-trading "cafe" in the 90's...he did well, but one of the clients came back and shot up the place after losing a bundle. So trading can be deadly!

Things is, an investor should do what a stock calls for. In some cases it is buy and hold (or buy and pray!). Sometimes a stock that is prone to wild swings of market emotion SHOULD be traded on the technicals. On these stocks it is often as easy as trading the RSI. Even long-term holds can be successfully traded a couple of times as the company grows based on overall market and industry conditions. Trouble is, traders get caught up in the emotion as well and break their own rules.

It would be fun to have a few other Ihub members at the showcase again this year to compare notes and trade bullshit stories. I am 90% committed at this point. I still need to set up some other activities surrounding the conference.