CURRENT HOLDINGS AUG29

Hello and welcome to my blog.

This is not a recommendation to buy or sell any of the stocks discussed on this blog. Due diligence is your responsibility. If you need professional investment advice then find a professional.

The following table shows my current holdings. Ouch. I will do the denial and hope thing and pretend that it is not so bad. Though the reality says bad, bad, bad.

I will admit to the mistake of not taking small losses, then licking my wounds and moving on. I was swayed by the old emotions of both fear and greed, mixed in with pride and ego.

For now I will be tossed around by my self created storm. The lesson learned being to navigate towards the right thing. In the future when things go wrong remember to bail out with a small loss.

The other thing that has happened is that a couple of the stocks on the list have given recent buy signals. But since I am already underwater I am not able to take advantage of those possibilities. To average down would simply compound errors.

The following chart is MAI.TO warts and all. Currently it is showing the potential of moving up but I am holding from much higher levels. The psych is saying do not add to the pain. The woulda, shoulda, coulda look back says a small loss taken early would have left me open to examining the potential of the current trade. "If my aunt had balls she would be my uncle."

An explaination of the indicators is at my other blog: http://www.600stocks.blogspot.com/

In the future I will move that information over here along with notes and examples. The adventure will continue.

Thank you for your time.

WELCOME

Hello and welcome to my blog.

The purpose of this blog is to record my adventures in the Canadian stock market with a focus on penny stocks. The approach will be totally technical in nature. The main indicators I use are the DARVAS BOX, a variation of a method by Cyntia Kase, and a moving average variation. None of these are the Holy Grail but they do provide a guide or 'indication' of what may happen. I hope they at least put the odds a little bit in my favor, if not then I hope to have the discipline to exercise proper money management to keep me out of real trouble.

I do have another blog at http://www.600stocks.blogspot.com/ with the most recent posts detailing the above technical indicators. The plan is to move most of that information over here in the next couple of weeks.

For now this post is just to start things off. In the future I will post how I am doing with a small amount of real money. I will also post what catches my eye based on the scans I run.

Thank you for your time.