http://tech-analysis.ucoz.com

http://tech-analysis.ucoz.com

Tons of great stuff here, inlcuding live Gold price charts, etc.

http://finance.yahoo.com/news/Investors-Corner-Cut-Stock-ibd-513588732.html?x=0&.v=1

Investor's Corner: Cut Stock Losses At 7%-8% In All Cases

• Victor Reklaitis
• On 6:32 pm EST, Tuesday November 24, 2009

As basketball season starts up again, countless coaches are no doubt shouting out this principle to their teams during practice: Defense wins championships.

In that same vein, knowing how to play defense is really what makes for a winning investment portfolio.

You can't always be on target with every stock that you pick.

But if you've got a sound strategy for selling losers, then you'll be ahead of the game.

"The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you're wrong," says IBD founder and Chairman William J. O'Neil in his book "How to Make Money in Stocks."

O'Neil adds that it's easy to tell when you're wrong. It's when a stock falls below the price that you paid for it, he says.

"Each point 20hat your favorite brainchild falls below your cost increases both the chance that you're wrong and the price that you're going to pay for being wrong," he says in his book.

So, always cut your losses at 7% or 8% from your purchase price, regardless of circumstances.

Research into the most successful stocks has found that market winners rarely fall more than 8% from their proper buy points.

Importance Of Cutting Losses

Moreover, as losses extend beyond 8%, the rebound needed to get back to break-even just keeps getting bigger and bigger.

An 8% loss requires a gain of just 8.7%. But a 20% loss needs a 25% gain to get even, and a 33% loss requires a 50% rise.

It gets even worse after that. A 50% loss needs a 100% gain to get back to break-even, and a 75% loss means that you need a 300% rise.

Another point 15 keep in mind is that you don't have to wait for a loss to hit 7% or 8% before you sell.

For example, you may want to get out at a 3% loss when the overall market is under distribution.

O'Neil notes: "If you're in a bear market like 2008 and you buy any stocks at all, you might get only a few 10% or 15% gains, so I'd move quickly to cut every single loss automatically at 3%, with no exceptions."

Investors might want to consider following a 3-1 ratio for taking profits vs. cutting losses.

That means if you're taking some 20% to 25% gains, then cut your losses at 7% or 8%. But if you're taking profits of just 10% to 15%, then get out at a 3% loss.

What about if you pyramided into a stock (which means buying some initial shares, then adding smaller amounts as the stock rises)? How does the 7%-8% sell rule apply in that case?

You have a choice if you bought shares in increments. You can scale out, selling at a 7% or 8% loss for each purchase, or just sell all of your shares at once.

Mindray Medical's (NYSE:MR - News) action in the summer of 2008 offers an example of how to minimize losses using the 7%-8% sell rule.

The stock broke out of a base, moving decisively beyond a buy point 15f 42.10 (point 1).

But quickly after that, in early August 2008, Mindray dropped more than 8% below that buy point 16oint 2).

An investor with a sound sell strategy would have sold all shares at that time -- no hesitation.

Cutting your losses then would have prevented further pain. By November 2008, the maker of medical gear had plunged even more, hitting a low of 12.31.

© Investor's Business Daily, Inc. 2009. All Rights Reserved.

http://www.optionmonster.com/

Even more links:

eBook - TA using Multiple Timeframes
http://ebook30.com/business/economics-and-finances/134031/technical-analysis-using-multiple-timeframes.html?ZnV6enl3dXp6eQ==

Forums WITH software!
http://www.friendlytraders.com

Some more links to go through

http://www.slopeofhope.com/

http://www.alphatrends.net/

EliteTrader site (forums, etc.)

Looks to have a fairly good/active forum, etc.

http://www.elitetrader.com/

Paper: Technical Analysis Around the World

"Technical analysis is not consistently profitable in the 49 countries..."

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1181367

Technical Analysis Around the World

Abstract:
Technical analysis is not consistently profitable in the 49 countries that comprise the Morgan Stanley Capital Index once data snooping bias is accounted for. There is some evidence that technical trading rules perform better in emerging markets than developed markets, which is consistent with the finding of previous studies that these markets are less efficient, but this result is not strong. While we cannot rule out the possibility that technical analysis compliments other market timing techniques or that trading rules we do not test are profitable, we do show that over 5,000 trading rules do not add value beyond what may be expected by chance when used in isolation.

Keywords: Technical Analysis, Quantitative, Market Timing

YouTube: Technical Analysis walkthrough videos

Some guy going thru the technicals on a regular basis. Unsure of his success rate and/or qualifications. Interesting...

http://www.youtube.com/user/Daytradervideos

PDF: Technical Analysis Plain and Simple 3rd Edition (2010)

Download the eBook as a PDF



http://www.filedownloadfull.com/forums/f7/technical-analysis-plain-simple-charting-markets-934961/

Also, as a general reference site, there's a whole bunch of eBooks available for download here:

http://www.filedownloadfull.com/forums/f7/