Using Technical Analysis to Grow as an Investor

Jordan Kimmel |

Jordan Kimmel EquitiesThe main thing I need to know before investing in a company, after I know its Magnet® score, is whether supply or demand is in control of the stock price. Taking a small gain in a stock and then seeing it 50%- or 200% higher a year later began to drive me nuts!

I look at and show Point & Figure charts because they can slow your mind down and help me garner bigger profits. In order to hold a stock for 5 or 6 consecutive Buy signals, you have to own a stock though 4 or 5 columns of O’s. This is where true patience comes in.



I want to generate cash flow by trend around a stock price using technical analysis. I use several as you can see on the custom charts I have created. Sometimes when a stock looks weak and is drifting down on lighter volume, technical can keep me in as others are selling. The difference is often “knowing what you own” and also being comfortable with the valuation.

Looking back at RPC, Inc. (RES), Acacia Research Corporation (ACTG), Crocs, Inc. (CROX), and IDT Corporation (IDT) since November can help you understand Magnet and the trading/investing process.

*DISCLOSURE: No relevant position

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
GVA Granite Construction Incorporated 47.38 0.35 0.74 474,846 Trade

Comments

Emerging Growth

Breathtec BioMedical Inc.

Breathtec Biomedical Inc is a medical diagnostics company. It is engaged in developing & commercializing breath analysis devices for the early detection of infections & life threatening diseases including cancers,…

Private Markets

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…