Comments on: MaoXian expands on my wisdom http://www.uglychart.com/2005/07/06/maoxian-expands-on-my-wisdom/ Beauty is in the eye of the shareholder Thu, 04 Dec 2008 06:10:19 +0000 http://wordpress.org/?v=2.6.1 By: Ugly http://www.uglychart.com/2005/07/06/maoxian-expands-on-my-wisdom/#comment-121 Ugly Wed, 06 Jul 2005 20:09:36 +0000 http://www.uglychart.com/?p=739#comment-121 Thanks Todd. Yes, I am being sarcastic, as usual, with the "my wisdom" thing. As you mentioned, O'Neil, Darvas, and many others - Livermore, Weinstein - have mentioned this same similar idea. It seems like it would be so simple to make tons of money with such a simple idea. But the key is discipline. I think the formula is: discipline + correct position sizing and risk management + this idea = tons of money Thanks Todd.
Yes, I am being sarcastic, as usual, with the “my wisdom” thing. As you mentioned, O’Neil, Darvas, and many others - Livermore, Weinstein - have mentioned this same similar idea.
It seems like it would be so simple to make tons of money with such a simple idea. But the key is discipline.
I think the formula is:

discipline + correct position sizing and risk management + this idea = tons of money

]]> By: Todd http://www.uglychart.com/2005/07/06/maoxian-expands-on-my-wisdom/#comment-120 Todd Wed, 06 Jul 2005 19:05:19 +0000 http://www.uglychart.com/?p=739#comment-120 This is basic technical analysis. Volume almost always precedes price, and in this case, the big volume clue in these stocks foretold the big move in the stock price. O'Neil, Darvas, etc. all mentioned huge volume increases as an indication of further price movement. Ugly has been able to alert readers to these types of stocks as it's occurring. Well done. This is basic technical analysis. Volume almost always precedes price, and in this case, the big volume clue in these stocks foretold the big move in the stock price. O’Neil, Darvas, etc. all mentioned huge volume increases as an indication of further price movement.

Ugly has been able to alert readers to these types of stocks as it’s occurring. Well done.

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