While prices are rising I concentrate on capital growth and lean towards investment rather than trading.
This can take between three and eighteen months or even longer. I select price levels and use certain buy signals I have developed to time entry points.
When prices are marking time, this is called ranging; I concentrate on trading in and out using standard deviation (Bollinger bands), moving averages and other signals.
This involves shorter term techniques and fast decisions over hours or even a few days. Conditions are changing towards an investment climate for gold stocks in Australia at present so it is time to switch on the radar. I use a broad knowledge of many companies and work with a series of watch lists – looking for promising behavior.
I use fundamental and technical analysis and it is always good to have expert second opinion as you are always learning in this game – or at least you should be.
We have some excellent research tools that can save you precious time to discover what is available in the resource sector on the Australian Stock Exchange – and we have a very accurate Weekly Newsletter that can assist you greatly as a valuable second opinion.
It is written by a senior trader that has been successful at the elite level on an international basis for over two decades – and you have to be better than good to achieve this feat.
Good trading / investing.
Regards,
Neil Charnock
Friday, September 28, 2007
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