It was IBD cup and handle concept that drew me to trading.
O'neil system plays the breakout .10 above the right side of the cup, correct? I looked at his examples and saw the huge moves in the right side of the cup bases and told myself "I wanted to be part of that". Same with the handle breakouts. After giving back gains on some of the pullbacks after the breakouts, I decided to learn how to get in the moves to those points, and I became more of a trader.
I don't invest based on IBD rating system, though I will check once in awhile because I know others do, but more intersted in
the product. I am trending away from investing more toward trading, since as an investor, I am susceptible to all the games the ceo's, analysts, and everyone else plays, and not always to benifit the shareholders. As a techical trader, that is fuel for movement, short or long. I don't have much faith in the integrity of most ceo's or analysts anymore, and that alone justifies my reason to trade rather then invest. Another reason to end my subscription, since his ratings don't mean much to me as a trader.
If nothing else, is there anything wrong with a trader taking the other side of an investors trade? My peanuts puts you in the investment, and makes me a few bucks....sounds like a win for us both.
O'neil system plays the breakout .10 above the right side of the cup, correct? I looked at his examples and saw the huge moves in the right side of the cup bases and told myself "I wanted to be part of that". Same with the handle breakouts. After giving back gains on some of the pullbacks after the breakouts, I decided to learn how to get in the moves to those points, and I became more of a trader.
I don't invest based on IBD rating system, though I will check once in awhile because I know others do, but more intersted in
the product. I am trending away from investing more toward trading, since as an investor, I am susceptible to all the games the ceo's, analysts, and everyone else plays, and not always to benifit the shareholders. As a techical trader, that is fuel for movement, short or long. I don't have much faith in the integrity of most ceo's or analysts anymore, and that alone justifies my reason to trade rather then invest. Another reason to end my subscription, since his ratings don't mean much to me as a trader.
If nothing else, is there anything wrong with a trader taking the other side of an investors trade? My peanuts puts you in the investment, and makes me a few bucks....sounds like a win for us both.