It's news years eve, I'm so looking forward to the new year, I'm sure it's going to be a good one!
So stay happy, stay healthy and get wealthy
Happy 2011 to all of us!
Friday, December 31, 2010
Friday, December 17, 2010
Tough week
It's Friday already and I'm quite relieved.
I haven't had the best of weeks, but hey that's life for ya!
I sold NCT this week at 6.08. Although I could have made a bit more, I'm pleased I made a profit. A total of $242.50 isn't much I admit, but, if I had invested $10,000 and not just $1,000 I would have been very happy.
At least it is showing me the system is working. I know the indexes have, this week, reached 2 year highs, but the majority of the shares I have been charting are moving in a side ways direction. Maybe it's still a little early for buying shares using Darvas boxes. On a positive note though, I am very sure the markets will follow the indexes and be hitting new highs. So although I am out of the Market for now, I'm hopeful it won't be for too long.
Number one son returned to the Marigold house hold in the wee hours of this morning. He seems to have enjoyed his trip home to the UK and a short visit to see his sister and mates. I think he overdosed on the Indian take aways, but can't say I blame him, I always do the same when in the UK.
I'm looking forward to a nice relaxing weekend and I'm hoping a good one with no stress. Hope yours us a good one too!
I haven't had the best of weeks, but hey that's life for ya!
I sold NCT this week at 6.08. Although I could have made a bit more, I'm pleased I made a profit. A total of $242.50 isn't much I admit, but, if I had invested $10,000 and not just $1,000 I would have been very happy.
At least it is showing me the system is working. I know the indexes have, this week, reached 2 year highs, but the majority of the shares I have been charting are moving in a side ways direction. Maybe it's still a little early for buying shares using Darvas boxes. On a positive note though, I am very sure the markets will follow the indexes and be hitting new highs. So although I am out of the Market for now, I'm hopeful it won't be for too long.
Number one son returned to the Marigold house hold in the wee hours of this morning. He seems to have enjoyed his trip home to the UK and a short visit to see his sister and mates. I think he overdosed on the Indian take aways, but can't say I blame him, I always do the same when in the UK.
I'm looking forward to a nice relaxing weekend and I'm hoping a good one with no stress. Hope yours us a good one too!
Tuesday, December 14, 2010
Christmas crackers
I've put my Christmas tree up, but it still doesn't feel like Christmas. Maybe this year is going to be a non-Christmas? Bah humbug me
Why can't you buy crackers in the states, and not the sort you eat with cheese?
It's been a rubbish day today, please send some Christmas cheer my way and a big fat cheque wouldnt go amiss either!
Why can't you buy crackers in the states, and not the sort you eat with cheese?
It's been a rubbish day today, please send some Christmas cheer my way and a big fat cheque wouldnt go amiss either!
Monday, December 13, 2010
Disappointing book
I learned all I know ( which isn't much) about trading shares from reading books. I have read several, the one which struck a chord with me right from the start was How I Made $2,000,000 on the stock Market by Nicolas Darvas. I read this book cover to cover then read it again. It was a system which seemed to make sense. Since then I have read all the other Darvas books and they are now the bible in my house on trading.
So, imagine my excitement when I found on Amazon a new book, which was called How I Made Money Using the Darvas System by Steve Burns. The review promised to bring this system which was devised in the pre computer era, bang up to date and usable in the current day. Woopie I thought, some one else using the system, I wonder how much they have made and how the system has been revolutionised!
This book arrived over the weekend, so I tore the packaging off and settled down for my longed for read. An hour later, only 60 odd pages in the book, and oh what disappointment! Most of this guys money was made from his company giving him shares, and, he made only $3,500 on the Darvas system! His revolutionary way to find shares was to look on MSN money for 52 week highs.... maybe I'm not as dumb as my blonde hair suggests!
Honestly, if this was worth publishing a book then I'm J K Rowling!
On a far more exciting note, number one son is currently on a flight to the UK sitting a few seats from Amir Khan, returning to the UK after his world title defence in Vegas Saturday night. Now that is worth writing about!
So, imagine my excitement when I found on Amazon a new book, which was called How I Made Money Using the Darvas System by Steve Burns. The review promised to bring this system which was devised in the pre computer era, bang up to date and usable in the current day. Woopie I thought, some one else using the system, I wonder how much they have made and how the system has been revolutionised!
This book arrived over the weekend, so I tore the packaging off and settled down for my longed for read. An hour later, only 60 odd pages in the book, and oh what disappointment! Most of this guys money was made from his company giving him shares, and, he made only $3,500 on the Darvas system! His revolutionary way to find shares was to look on MSN money for 52 week highs.... maybe I'm not as dumb as my blonde hair suggests!
Honestly, if this was worth publishing a book then I'm J K Rowling!
On a far more exciting note, number one son is currently on a flight to the UK sitting a few seats from Amir Khan, returning to the UK after his world title defence in Vegas Saturday night. Now that is worth writing about!
Saturday, December 11, 2010
I love saturdays
How I love the weekends!
Went for a latte with Mr Marigold this morning, I do enjoy a leisurely coffee in the sun. It's nice to sit and people watch too, plenty of strange sights to behold in our neck of the woods!
We then went and attacked the maddening crowds at Walmart and finally started our Christmas shopping! They say women were born to shop but I certainly wasn't, after 15 minutes my patience has upped and left, and I'm ready for home! We did manage to buy everything which needs to be sent to friends and family in Europe and even a little tree for the living room. So just a couple of pressies left to get from Amazon and I'm done!
Off to the cinema this afternoon to watch the new Colin Firth movie, The Kings Speech. Then back by 8pm so we can watch the Amir Khan fight.
Loving my Saturday
Went for a latte with Mr Marigold this morning, I do enjoy a leisurely coffee in the sun. It's nice to sit and people watch too, plenty of strange sights to behold in our neck of the woods!
We then went and attacked the maddening crowds at Walmart and finally started our Christmas shopping! They say women were born to shop but I certainly wasn't, after 15 minutes my patience has upped and left, and I'm ready for home! We did manage to buy everything which needs to be sent to friends and family in Europe and even a little tree for the living room. So just a couple of pressies left to get from Amazon and I'm done!
Off to the cinema this afternoon to watch the new Colin Firth movie, The Kings Speech. Then back by 8pm so we can watch the Amir Khan fight.
Loving my Saturday
Thursday, December 9, 2010
NCT has it run out of steam?
I have been a little disappointed with NCT this last week. It is still in it's box but hasn't made any good gains. I'm starting to wonder if it has peaked?
I think it is a definite talent, or maybe experience, to know exactly the point to sell a share. I don't want to hold onto any if it's not making money. The whole point of buying into the stock market is to make my money work for me, and I have read so many times not to be emotional. If it's not performing, it goes! I will see what it does tomorrow.
I have been watching on the BBC, the protests about the proposed increase in costs of university fees in the UK. Obviously I don't think they should use violence but I agree with the cause 100%. My daughter will finish uni next year, and the £3,000 yearly fee has been hard to come by. Next September my youngest will be starting his university education and £9,000 a year is a huge burden. If you pay the fees in full, they will add 10% to the annual cost! So they actually want you to get in debt and penalise you if you don't! That's just madness.
I wonder what Charlie and Camilla think, I saw their car window was smashed and paint thrown over it, as they were caught up in the protests. Just ain't British eh?
I think it is a definite talent, or maybe experience, to know exactly the point to sell a share. I don't want to hold onto any if it's not making money. The whole point of buying into the stock market is to make my money work for me, and I have read so many times not to be emotional. If it's not performing, it goes! I will see what it does tomorrow.
I have been watching on the BBC, the protests about the proposed increase in costs of university fees in the UK. Obviously I don't think they should use violence but I agree with the cause 100%. My daughter will finish uni next year, and the £3,000 yearly fee has been hard to come by. Next September my youngest will be starting his university education and £9,000 a year is a huge burden. If you pay the fees in full, they will add 10% to the annual cost! So they actually want you to get in debt and penalise you if you don't! That's just madness.
I wonder what Charlie and Camilla think, I saw their car window was smashed and paint thrown over it, as they were caught up in the protests. Just ain't British eh?
Wednesday, December 8, 2010
Mid week
This week has been a bit of a damp squid with the old shares. I'm trying not to read the financial reports as to what's happening, as Darvas used to deliberately ignore them.
His theory was to concentrate on the shares behaviour only, so this is exactly what I am trying to do! NCT is staying within it's box, infact yesterday it pushed through the top of it, but fell back during the day.
Tonight I'm off to a local auction, need a dinning room table with Christmas fast approaching. It doesn't feel the slightest bit christmassy yet, I'm not sure if that's because it's a sunny 23 degrees here or because I'm trying to postpone it in my mind because lack of cash flow at the moment....it's probably a bit of both if I were honest. Mr Marigold went to his works Xmas dinner today and they presented everyone with a mug containing the works logo!!
What are they trying to say??
His theory was to concentrate on the shares behaviour only, so this is exactly what I am trying to do! NCT is staying within it's box, infact yesterday it pushed through the top of it, but fell back during the day.
Tonight I'm off to a local auction, need a dinning room table with Christmas fast approaching. It doesn't feel the slightest bit christmassy yet, I'm not sure if that's because it's a sunny 23 degrees here or because I'm trying to postpone it in my mind because lack of cash flow at the moment....it's probably a bit of both if I were honest. Mr Marigold went to his works Xmas dinner today and they presented everyone with a mug containing the works logo!!
What are they trying to say??
Tuesday, December 7, 2010
No financial advisor
I was asked today why I am not using an advisor to invest on my behalf?
There is a couple of reasons why I'm not.
The first being I don't want to pay someone for the privilege of loosing my money and secondly I want to learn how to find stocks to trade myself.
After hearing so many horror stories from the last 2 or 3 years, I don't really think I could do much worse than some professionals. I know I don't have the training or experience of a broker, but I do have 20 odd years experience in juggling finances. In those 20 years, I haven't made such a hash of the family accounts as some bank managers have in running their organisations. It doesn't take a financial degree to know when to tighten belts and cut back. Nor does it take years of experience to recognise a good buy.
Therefore, if I make money on this little venture then good on me, but if I'm going to loose it, then at least I can have the pleasure in only having myself to blame!!
There is a couple of reasons why I'm not.
The first being I don't want to pay someone for the privilege of loosing my money and secondly I want to learn how to find stocks to trade myself.
After hearing so many horror stories from the last 2 or 3 years, I don't really think I could do much worse than some professionals. I know I don't have the training or experience of a broker, but I do have 20 odd years experience in juggling finances. In those 20 years, I haven't made such a hash of the family accounts as some bank managers have in running their organisations. It doesn't take a financial degree to know when to tighten belts and cut back. Nor does it take years of experience to recognise a good buy.
Therefore, if I make money on this little venture then good on me, but if I'm going to loose it, then at least I can have the pleasure in only having myself to blame!!
Monday, December 6, 2010
New week
It was a lovely weekend with the eldest son returning to the family nest for Sunday afternoon and evening. After being used to 3 noisy children, the house is far too quiet these days, only having the one in permanent residence! Keep telling my husband to buy me a new puppy to fill at least one of the gaps!
Over the weekend, I spent a couple of hours sorting out my share charts. Have decided that a few of them are not going the right way so have stopped charting them. The ones I am no longer charting are SIRI, BZ, C, QTM, AKRX, MNDO.
The few I am concentrating on at the moment are FXEN, NCT, UXG, CALP, ALY, FTK, FRM, ICO, WNR
The criteria I follow in selecting shares I chart is as follows, new 52 week high, increase in volume and 30%ish increase in the previous month. I then chart the shares and wait for them to form 'boxes', if they don't form boxes I won't buy as it's these boxes which makes the share a little more predictable in it's behaviour.
I must admit, I am looking forward to the day I can buy comfortably into 3 or 4 different shares and in quite high numbers......I'm so impatient.
Over the weekend, I spent a couple of hours sorting out my share charts. Have decided that a few of them are not going the right way so have stopped charting them. The ones I am no longer charting are SIRI, BZ, C, QTM, AKRX, MNDO.
The few I am concentrating on at the moment are FXEN, NCT, UXG, CALP, ALY, FTK, FRM, ICO, WNR
The criteria I follow in selecting shares I chart is as follows, new 52 week high, increase in volume and 30%ish increase in the previous month. I then chart the shares and wait for them to form 'boxes', if they don't form boxes I won't buy as it's these boxes which makes the share a little more predictable in it's behaviour.
I must admit, I am looking forward to the day I can buy comfortably into 3 or 4 different shares and in quite high numbers......I'm so impatient.
Friday, December 3, 2010
Chocolate tart
Well it's Friday evening and all is well!
Just settling down to I'm a celebrity (UK). There's something very satisfying watching the celebs struggle to consume such delights as kangaroo anus and fish eye balls, as I sip my glass of wine and stuff yet another piece of chocolate into my mouth! Yes I'm a right chocolate tart and insist on it almost every day. If I don't manage to finish at night, I hide my stash so no one can find it and nick it!
Been working hard on my share charts today, maybe I should by some in chocolate? No, not now that Cadburys have been taken over, dairy milk bars have already changed, acquiring a disgusting bitter after taste. I should know, I am an expert in this field!
My NCT share is holding up, still bouncing around in its box. In my chart folder I have decided to dump a few of the shares which I have been following, as they are moving side wards or on a slide. I'm trying to concentrate on those ones which are rising. I don't see the point in having shares in loads of companies. I figured if I concentrate on just a few at a time, you get to know the share, and hopefully, will recognise when it's run is over. I don't understand why some people hold onto shares which are falling, as they are obviously taking from the profit of the ones which are performing well? Its simple maths to me, but then, I am a simple person!
Just settling down to I'm a celebrity (UK). There's something very satisfying watching the celebs struggle to consume such delights as kangaroo anus and fish eye balls, as I sip my glass of wine and stuff yet another piece of chocolate into my mouth! Yes I'm a right chocolate tart and insist on it almost every day. If I don't manage to finish at night, I hide my stash so no one can find it and nick it!
Been working hard on my share charts today, maybe I should by some in chocolate? No, not now that Cadburys have been taken over, dairy milk bars have already changed, acquiring a disgusting bitter after taste. I should know, I am an expert in this field!
My NCT share is holding up, still bouncing around in its box. In my chart folder I have decided to dump a few of the shares which I have been following, as they are moving side wards or on a slide. I'm trying to concentrate on those ones which are rising. I don't see the point in having shares in loads of companies. I figured if I concentrate on just a few at a time, you get to know the share, and hopefully, will recognise when it's run is over. I don't understand why some people hold onto shares which are falling, as they are obviously taking from the profit of the ones which are performing well? Its simple maths to me, but then, I am a simple person!
Thursday, December 2, 2010
Oil find
Desire petroleum have discovered oil off the Falkland Islands, their shares have jumped 24% at the news, some lucky people are gonna be feeling rich tonight!
No snow here!
I just love watching the snow on the TV across Europe, its 24 degrees here (about 75 in old money). This time last year I was suffering with about 30cm of snow at my front door in Italy. I must admit, im not a snow lover, its far too wet and cold for me, and you cant stand up in the stuff!! So smug smile on my face!
See England missed out on hosting the world cup, at least they have the Olympics in 18 months to look forward to. So well done Russia. I can imagine they are gutted back home, footie is such a big deal. Being brought up in Rugby, I am more a fan of the oval ball. Nothing better than a saturday afternoon at twickers, must try to get a game in there next year.....something else to add to the 'To do List'
So money needed for this list, NCT has formed a box. The top is $6.25 and the bottom is $5.45, so quite a large box. My sell point at the moment is $5.44, hope it forges upwards into another box. If not, I have a few new shares im watching, some very interesting ones aswell so its definitely feeling like the beginnings of a bull market, and about time too. Can only be good news. Yay, good news, we could all do with a dose of that.
Just watching Ricky Gervais going all goo goo over a puppy on This Morning.........surreal!
See England missed out on hosting the world cup, at least they have the Olympics in 18 months to look forward to. So well done Russia. I can imagine they are gutted back home, footie is such a big deal. Being brought up in Rugby, I am more a fan of the oval ball. Nothing better than a saturday afternoon at twickers, must try to get a game in there next year.....something else to add to the 'To do List'
So money needed for this list, NCT has formed a box. The top is $6.25 and the bottom is $5.45, so quite a large box. My sell point at the moment is $5.44, hope it forges upwards into another box. If not, I have a few new shares im watching, some very interesting ones aswell so its definitely feeling like the beginnings of a bull market, and about time too. Can only be good news. Yay, good news, we could all do with a dose of that.
Just watching Ricky Gervais going all goo goo over a puppy on This Morning.........surreal!
Sunday, November 28, 2010
Worlds most expensive house?
Errrrr....did I miss something?
Saturday, November 27, 2010
Quiet saturday
All the men folk in the Marigold household have gone off to the LA motor show today, obviously dreaming of what super car they will buy when I make it rich with my share dealings....they are hoping, im going to be first in line and treat myself to a nice little red mini convertable!
As casa marigold has been so peaceful I have enjoyed a morning of tennis. The Murray vs Nadal match was an epic and I apologise unreservedly to my neighbours who probably were not happy at hearing a screaming banshee at 7am on a saturday, so gutted that Murray lost. All I ask now is that Federer dont win the title as he is far too smug and up himself for my liking!
Looking forward to next weeks trading. NCT went up a bit on Friday, so looks like a new box is forming and its bouncing around as it should be. As this is all a learning curve for me, I hope I recognize the sell point and keep my nice tidy profit, Im off to pour myself a glass of wine now, so cheers to a good week.
As casa marigold has been so peaceful I have enjoyed a morning of tennis. The Murray vs Nadal match was an epic and I apologise unreservedly to my neighbours who probably were not happy at hearing a screaming banshee at 7am on a saturday, so gutted that Murray lost. All I ask now is that Federer dont win the title as he is far too smug and up himself for my liking!
Looking forward to next weeks trading. NCT went up a bit on Friday, so looks like a new box is forming and its bouncing around as it should be. As this is all a learning curve for me, I hope I recognize the sell point and keep my nice tidy profit, Im off to pour myself a glass of wine now, so cheers to a good week.
Tuesday, November 23, 2010
Stocks tumble again
Stocks fell again today, with the markets still unsettled in Europe over the impending Irish bailout, also worries over the financial stability of Portugal and Spain.
The Dow was down 142.21 points, it's fourth drop out of the last six trading days. The fed down graded next years recovery forecast, but it has been a long and hard recession, it doesn't recover over night.
Further weakness was caused by the news that North Korea shelled a disputed island in South Korea killing 2 south Korean marines. South Korea then fired back.
I seriously think the world is going mad!
NCT dropped 30c, it's not a worry at the moment, it's doing what shares do moving up and down. As long as it stays within it's box it's fine. Hope tomorrow brings some light relief.
Marigold says 'peace man'
The Dow was down 142.21 points, it's fourth drop out of the last six trading days. The fed down graded next years recovery forecast, but it has been a long and hard recession, it doesn't recover over night.
Further weakness was caused by the news that North Korea shelled a disputed island in South Korea killing 2 south Korean marines. South Korea then fired back.
I seriously think the world is going mad!
NCT dropped 30c, it's not a worry at the moment, it's doing what shares do moving up and down. As long as it stays within it's box it's fine. Hope tomorrow brings some light relief.
Marigold says 'peace man'
NCT is flying....
I hope everyone had a good start to the week like I have. Im looking forward to my first Thanksgiving holiday in the states. I gather its the turkey and stuffing day, where as in the UK we do that at xmas and call it turkey and tinsel! Haven't decided whether the Marigold household will go for turkey and stuffing or save it for xmas, think we will probably save it as I really couldn't imagine christmas without the turkey!
I'm loving Im a Celebrity on ITV, Gillian Mckeith you really are in a world of your own. I haven't laughed so much in ages, she should get an oscar for her fainting fit, how did Ant and Dec manage not to laugh? Shes not the best advert for vegetariumism though is she? Apparently she is only 4 months older than Nigella Lawson....she looks old enough to be her mother! Know whose diet I will be following, now, wheres that steak??
Friday, November 19, 2010
Getting the Friday feeling
It's been a long week!
The markets were a bit shakey today, I guess they could remain that way a bit longer with the news Ireland needs a financial bail out, Portugal and Spain might not be far behind. My NCT shares held up well, finishing over 7% up on the day.
It was an exciting day though in the Marigold household as my gorgeous daughter went to collect an award at the Victoria & Albert museum in London as winner of a fashion in dance competition, her 3rd award this year. She is such a star and so talented. Might have to have a little drinkie poos later.....well done vix
Hope you all enjoy your Friday night and be good.
The markets were a bit shakey today, I guess they could remain that way a bit longer with the news Ireland needs a financial bail out, Portugal and Spain might not be far behind. My NCT shares held up well, finishing over 7% up on the day.
It was an exciting day though in the Marigold household as my gorgeous daughter went to collect an award at the Victoria & Albert museum in London as winner of a fashion in dance competition, her 3rd award this year. She is such a star and so talented. Might have to have a little drinkie poos later.....well done vix
Hope you all enjoy your Friday night and be good.
Thursday, November 18, 2010
Good first day
My first day finished 23c up....wooooo! I'm so excited, I know it won't be so good every day but right now I'm feeling very pleased with myself!
Off to celebrate at the coffee shop with an extra large latte! I know how to live
Off to celebrate at the coffee shop with an extra large latte! I know how to live
My first purchase
I am happy to announce that this morning I finally bought my first shares!! These shares have been making boxes quite nicely, have been watching them for about 6 weeks, so fingers crossed this is the start to my millions!!
I bought
250 shares @ $5.11 each in Newcastle Investment Corp NYSE:NCT total cost $1,277.50
I bought
250 shares @ $5.11 each in Newcastle Investment Corp NYSE:NCT total cost $1,277.50
Wednesday, November 17, 2010
Home sick
Markets flat today, really want them to sort themselves out. None of the shares I'm charting are on the rise, just flat lining. Maybe I need to start looking else where, check msn and google every day and Barrons every Saturday. But hey, at least I haven't lost anything.
All the news of the royal wedding is making me so home sick. Miss my daughter and my mates, miss ole London town and Covent Garden, heck I'm even missing Italy!! LA doesn't do fish and chips uk style and it doesn't do a good Indian curry like they do in brum or Leicester. The sunshine is nice here but it doesn't feel like home. Maybe when our furniture arrives it will.
Did I tell you about that? It is being held to ransom by the removal company as they quoted us in error, if you value your belongings don't use the Removal Group. Bunch of crooks....
Oh well, better get back to trying to make some cash, so I can buy our furniture back!!
All the news of the royal wedding is making me so home sick. Miss my daughter and my mates, miss ole London town and Covent Garden, heck I'm even missing Italy!! LA doesn't do fish and chips uk style and it doesn't do a good Indian curry like they do in brum or Leicester. The sunshine is nice here but it doesn't feel like home. Maybe when our furniture arrives it will.
Did I tell you about that? It is being held to ransom by the removal company as they quoted us in error, if you value your belongings don't use the Removal Group. Bunch of crooks....
Oh well, better get back to trying to make some cash, so I can buy our furniture back!!
Tuesday, November 16, 2010
Slow slow slower stop!
Oh well markets rubbish again today. Certainly ain't getting rich quick!
The old man will have to carry on with the 2 jobs a little longer yet. They say good news picks up the markets, so let's hope the royal wedding does just that. I had my invitation through the post today. Oh well, off to look for me new frock
The old man will have to carry on with the 2 jobs a little longer yet. They say good news picks up the markets, so let's hope the royal wedding does just that. I had my invitation through the post today. Oh well, off to look for me new frock
Friday, November 12, 2010
False start
Well I guess the system is working so far!
The box system has stopped me buying into any stocks thus far, and if I had, I would be down already. So, although it is frustrating, I know im doing the right thing in waiting.
I don't know why all the markets are down this week, but it's across the board. Might get some answers tomorrow from Barrons.
Let's hope next week is more fruitful
Marigold says.....all good things come to those who wait!
The box system has stopped me buying into any stocks thus far, and if I had, I would be down already. So, although it is frustrating, I know im doing the right thing in waiting.
I don't know why all the markets are down this week, but it's across the board. Might get some answers tomorrow from Barrons.
Let's hope next week is more fruitful
Marigold says.....all good things come to those who wait!
Wednesday, November 10, 2010
Waiting for the markets
Well now I have the funds in place, I am having to wait for the markets!
They have been doing their thing the past few days and have been volatile to say the least. Different things have been happening to the shares I have been charting. 2 of them are continuing to rise but haven't formed a box and the 3rd one has just dropped 1c below the bottom of the box, which in my system is a danger sign! I am charting more than just 3 shares but these were the 3 which were behaving themselves!
I may now drop the 3rd share, see what they do over the next day or so. Either way I have to wait for the others to form a box if I am to buy into them, so going to stick to the system and not buy now, and probably not for this week, as it takes a minimum of 3 days for the box to be formed.
Hey ho I'm sure the wait will be worth it!
They have been doing their thing the past few days and have been volatile to say the least. Different things have been happening to the shares I have been charting. 2 of them are continuing to rise but haven't formed a box and the 3rd one has just dropped 1c below the bottom of the box, which in my system is a danger sign! I am charting more than just 3 shares but these were the 3 which were behaving themselves!
I may now drop the 3rd share, see what they do over the next day or so. Either way I have to wait for the others to form a box if I am to buy into them, so going to stick to the system and not buy now, and probably not for this week, as it takes a minimum of 3 days for the box to be formed.
Hey ho I'm sure the wait will be worth it!
Sunday, November 7, 2010
Waiting
Waiting to be in a position to buy my first shares. Have narrowed the choice down and I'm pretty sure I know which ones I'm gonna buy. These have been forming boxes nicely and hopefully will make a break through this week.
First of all though, I need to get paid this Tuesday and then transfer the money to my investment account. I may get berated for that comment, but it's true!
Hope to update later this week with news of my purchase!
Marigold says "have a good week"
First of all though, I need to get paid this Tuesday and then transfer the money to my investment account. I may get berated for that comment, but it's true!
Hope to update later this week with news of my purchase!
Marigold says "have a good week"
Sunday, October 31, 2010
Starting anew
This is a new venture for me.
I have been interested in trading shares since the crash in 2008. I have spent the past 2 years reading and learning all that I can on this subject. Is it possible to learn the art of trading from a book and actually make a profit? Of course many will say not, but I'm sure there are some people who have done just that.
After deciding to take the plunge and buy my first shares, I realised how difficult it is to find the right share to buy! So many websites are happy to advise, for a monthly fee of course, or there are the free sites which email you their recommendations, which on closer inspection, are actually advertisements!
So after more reading, chart drawing and practice trading, I am ready to begin. I have found the Darvas box method to work the best in my practice runs, so this is how I will start. I'm not going to start with heaps of cash either, just 1,000 dollars.
Id love to have some feed back on my choices, or if you have any advice, stories etc. So here begins my road to riches.....I hope!
I have been interested in trading shares since the crash in 2008. I have spent the past 2 years reading and learning all that I can on this subject. Is it possible to learn the art of trading from a book and actually make a profit? Of course many will say not, but I'm sure there are some people who have done just that.
After deciding to take the plunge and buy my first shares, I realised how difficult it is to find the right share to buy! So many websites are happy to advise, for a monthly fee of course, or there are the free sites which email you their recommendations, which on closer inspection, are actually advertisements!
So after more reading, chart drawing and practice trading, I am ready to begin. I have found the Darvas box method to work the best in my practice runs, so this is how I will start. I'm not going to start with heaps of cash either, just 1,000 dollars.
Id love to have some feed back on my choices, or if you have any advice, stories etc. So here begins my road to riches.....I hope!
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