sharetrader
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 23

Thread: Darryl Guppy

  1. #11
    Member
    Join Date
    Mar 2009
    Location
    Upper Hutt, Wellington, NZ
    Posts
    219

    Default

    Thanks everyone for your advice, I will try his "Trend Trading" method as this seems to carry the least risk of all the methods I've looked at so far. His advice on money management also seems very sound.

    I really want to jump in now, but a little (or actually very loud) voice in my head says to wait a while so I might give it a few weeks to see how things pan out. Once again, thanks for the advice.

  2. #12
    Advanced Member airedale's Avatar
    Join Date
    Apr 2003
    Location
    Above the high tide mark.
    Posts
    1,508

    Default

    You don't have to jump in WB, just do it in little steps.

  3. #13
    Advanced Member
    Join Date
    Dec 2001
    Location
    New Zealand.
    Posts
    1,936

    Default

    I would suggest that you start "paper trading" immediately. Get yourself a trading journal and write everything down. What you "did", when, why and at what price. See how well this system works for you.

    Why would you want to "wait for a few more months"?

    Start getting some first hand practice right away. Learn the system and get some experience in implementing it before risking any of your capital.

  4. #14
    Member
    Join Date
    Mar 2009
    Location
    Upper Hutt, Wellington, NZ
    Posts
    219

    Default

    Quote Originally Posted by Phaedrus View Post
    Why would you want to "wait for a few more months"?
    The only reason I am/was thinking of waiting a while is because I just can't get a grip on what the market is doing at the moment. A company puts out bad news and the share price goes up, or someone puts out good news and the price goes down...just doesn't make any sense to me. I thought that if I waited until things settle down a little, I might be able to make more sense of everything.

  5. #15
    SRV is a God STRAT's Avatar
    Join Date
    Jun 2006
    Location
    Auckland, , New Zealand.
    Posts
    4,327

    Default

    Quote Originally Posted by wbosher View Post
    The only reason I am/was thinking of waiting a while is because I just can't get a grip on what the market is doing at the moment. A company puts out bad news and the share price goes up, or someone puts out good news and the price goes down...just doesn't make any sense to me. I thought that if I waited until things settle down a little, I might be able to make more sense of everything.
    Hi wbosher
    Theres a lot more to it than company announcements.

    heres a few to consider
    What is the Market as a whole doing today

    What did the other Markets in the world do last night
    If you are looking at the ASX the performance of the USA markets the night before is a good indicator of what will happen today on the ASX and NZX

    What do they sell and if its a commodity whats happening to the price of that commodity

    Does currency exchange rates affect this company

    Are their Announcements trustworthy. You can look back on what else they had to say for them selves and how it really turned out.

    The list goes on but heres a couple of links to start with

    http://finance.yahoo.com/intlindices?e=europe

    http://www.kitcometals.com/charts/ni...istorical.html

    http://www.findata.co.nz/Markets/Quo...=INDEX&s=OILBR

  6. #16
    Legend shasta's Avatar
    Join Date
    Sep 2004
    Location
    Wellington
    Posts
    5,914

    Default

    Quote Originally Posted by STRAT View Post
    Hi wbosher
    Theres a lot more to it than company announcements.

    heres a few to consider
    What is the Market as a whole doing today

    What did the other Markets in the world do last night
    If you are looking at the ASX the performance of the USA markets the night before is a good indicator of what will happen today on the ASX and NZX

    What do they sell and if its a commodity whats happening to the price of that commodity

    Does currency exchange rates affect this company

    Are their Announcements trustworthy. You can look back on what else they had to say for them selves and how it really turned out.

    The list goes on but heres a couple of links to start with

    http://finance.yahoo.com/intlindices?e=europe

    http://www.kitcometals.com/charts/ni...istorical.html

    http://www.findata.co.nz/Markets/Quo...=INDEX&s=OILBR
    had you mentioned a 30 day ma, i'd have sworn someone up north has brainwashed ya!

  7. #17
    Member
    Join Date
    Mar 2009
    Location
    Upper Hutt, Wellington, NZ
    Posts
    219

    Default

    Thanks for that STRAT.

  8. #18
    Advanced Member airedale's Avatar
    Join Date
    Apr 2003
    Location
    Above the high tide mark.
    Posts
    1,508

    Default

    And www.stocknessmonster.com is handy for a quick look at your watchlist and company announcements.

  9. #19
    SRV is a God STRAT's Avatar
    Join Date
    Jun 2006
    Location
    Auckland, , New Zealand.
    Posts
    4,327

    Default

    Quote Originally Posted by wbosher View Post
    Thanks for that STRAT.
    Another thing to consider when the price keeps going down in spite of good news is that there are probably people better connected with a lot more money than us who know a lot more about whats really going on than we do.
    Hot Copper is a site where they now have a chart for each ticker showing when Directors buy and sell in the company they are running. This is not to be taken on its own but is useful to know in particular if they are buying or selling big. To find out how big, trace the date back to company announcements.
    note : there are also a lot of dodgy posters on this site IMO so beware with regard to posts. I seldom look at posts there but have sometimes found the news gets out there first and look there cautiously if no other site is talking about something Im looking into.
    Last edited by STRAT; 03-04-2009 at 08:54 AM.

  10. #20
    Advanced Member
    Join Date
    Dec 2001
    Location
    New Zealand.
    Posts
    1,936

    Default

    Quote Originally Posted by wbosher View Post
    The only reason I am/was thinking of waiting a while is because I just can't get a grip on what the market is doing at the moment. I thought that if I waited until things settle down a little, I might be able to make more sense of everything.
    You are supposed to be following Guppy's system to the letter, remember? How else can you assess it accurately? He says nothing about "wait until you get a grip on the market" or "wait until things settle down" or "wait until the market makes sense". You could be waiting a long. long time!

    WB, you are failing your first test. You have already added extra parameters to Guppy's system having chosen to ignore any "Buy" signals it may generate until you "feel differently about the market". If his system is of any value, it should work whatever the state of the market and whether you understand it or not. If you can't follow his system now, the chances that you will have the discipline to stick to your own system in the future are very slim indeed.

    Start paper trading Guppy's system immediately, if not sooner! It is of little use asking everyone here what they think of it - it is what YOU think of it and how well it works for YOU that matters. Suck it and see! That is the ONLY way that you can evaluate whether it suits you or not.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •