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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » I try to figure out what strategies are working in the market.

I try to figure out what strategies are working in the market.

Go down  Message [Page 1 of 1]

Asoka Samarakone


Expert
Expert
One year it might be momentum, another year it might be value.

“I understood that stocks don’t go up and stay up because of stories, tips, or people’s opinions; they go up for specific reasons. I was determined to find those reasons, shut out the world, and then act on my own knowledge.”

“The fundamentals of the stock are only about 25 percent of it… Another 25 percent is technical… Another 25 percent is watching how a stock responds to different information: macroeconomic events, its own news flow… The last 25 percent is my gut feeling for the direction of the market as a whole, which is based on my sense of how the market is responding to macroeconomic news and other events. It’s almost like looking at the entire market as if it were an individual stock.”

“I get out either because the stock looks as though it’s rolling over, and I am in danger of losing what I have made, or because the stock has made too much money in too short a period of time.”

“My philosophy is to float like a jellyfish and let the market push me where it wants to go. I don’t draw a line in the sand and say this is my strategy and I’m going to wait for the market to come to me. I try to figure out what strategies are working in the market. One year it might be momentum, another year it might be value.”

“Sometimes the opportunities are so obvious that you almost can’t lose when they come around; the only problem is that they don’t come around that often. The key is not to lose money in the times in between.”

“I constantly evaluate market sentiment – is the market hopeful? Is it fearful? – and wait for the price action to confirm my assessment.”

“By cleaning out my portfolio and reinvesting in solid stocks I made back much more money than I would have if I had kept the other stocks and waited for a dead cat bounce.”

“Currently, the biggest misconception is the widespread belief that it is easy to make a living trading in the stock market. People feel they can give up their jobs and trade for a living; most of them are bound to be disappointed.”
Stuart Walton
http://www.bigfatpurse.com/2011/04/stock-market-wizards-by-jack-schwager/

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Asoka Samarakone wrote:One year it might be momentum, another year it might be value.

“I understood that stocks don’t go up and stay up because of stories, tips, or people’s opinions; they go up for specific reasons. I was determined to find those reasons, shut out the world, and then act on my own knowledge.”

“The fundamentals of the stock are only about 25 percent of it… Another 25 percent is technical… Another 25 percent is watching how a stock responds to different information: macroeconomic events, its own news flow… The last 25 percent is my gut feeling for the direction of the market as a whole, which is based on my sense of how the market is responding to macroeconomic news and other events. It’s almost like looking at the entire market as if it were an individual stock.”

“I get out either because the stock looks as though it’s rolling over, and I am in danger of losing what I have made, or because the stock has made too much money in too short a period of time.”

“My philosophy is to float like a jellyfish and let the market push me where it wants to go. I don’t draw a line in the sand and say this is my strategy and I’m going to wait for the market to come to me. I try to figure out what strategies are working in the market. One year it might be momentum, another year it might be value.”

“Sometimes the opportunities are so obvious that you almost can’t lose when they come around; the only problem is that they don’t come around that often. The key is not to lose money in the times in between.”

“I constantly evaluate market sentiment – is the market hopeful? Is it fearful? – and wait for the price action to confirm my assessment.”

“By cleaning out my portfolio and reinvesting in solid stocks I made back much more money than I would have if I had kept the other stocks and waited for a dead cat bounce.”

“Currently, the biggest misconception is the widespread belief that it is easy to make a living trading in the stock market. People feel they can give up their jobs and trade for a living; most of them are bound to be disappointed.”
Stuart Walton

http://www.bigfatpurse.com/2011/04/stock-market-wizards-by-jack-schwager/


Good article.

My current philosophy is hold whatever brought at any cost.
worrying too much about losses doesn't make any sense.
most of the decisions i took last two years went wrong / deviate than my first expectations. but few make huge success. even with the success, overall unrealized loss there. Since these losses are short term, still i'm having my believes and faith given the factor that technical analyze predicting a silver light for most of investments.

any one else can share your thoughts pls?

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
cheers

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As long as You have invested in fundamentally sound stocks you should not much worry I suppose even these dark days...I also went wrong in my first investment phase and now I have balanced PF with fundamentally sound stocks ...If you have attractive dividend paying companies atleast you will get dividend...forget about capital gains for a some time.....

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@UAEBOY wrote:As long as You have invested in fundamentally sound stocks you should not much worry I suppose even these dark days...I also went wrong in my first investment phase and now I have balanced PF with fundamentally sound stocks ...If you have attractive dividend paying companies atleast you will get dividend...forget about capital gains for a some time.....
i tend to slightly disagree....even fundamental or speculative stocks ...you will make more fortune if you BUY and SELL at the right times...that way you earn CG and Dividends too Very Happy so you make more than you asked for know Laughing better than FDs too....

This is only my observation....dont stick for years with fundamentals for life......if price appreciate then sell them and you will get another opportunity in the future to do the same.

My advise to you and others as well would be Be an Investor & Trader Very Happy & Earn more...


For the beneficial of most members here i will start putting some charts as to why its beneficial to buy and sell compared to holding for life time fundamentally strong shares on my thread (HPP).

Sorry for jumping into anothers thread.... rabbit
Very Happy

TAH

Expert

Expert
Manager - Equity Analytics
Manager - Equity Analytics
Threads are there to share, not to own.

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