Best reason yet to use TA

[tombrown1]

Here's the last paragraph of Phil's latest post:

Therefore, in addition to what I said above, I use tools to get in and out with the Big Guys so that I am protected from my own ignorance. I know these tools will cost me some of my profits. I know that I will do better if I am right about the business if I do not use the tools. But I am a chicken and do not trust that I know enough to be right about the future and I, therefore, get out like a big chicken if the big guys are selling off. Thus, I do not have to ride the market down if Mr. Market gets crazy or suddenly sane and has a big sell off. If there is a big sell off, it is being done, by definition of "big", by the big guys -- and then I'm out. I encourage you guys to think similarly, even if it takes away some of the profits.



While I disagree with his particular tools, I do think it's of utmost importance for a beginning investor to have some sort of protection. If you want to buy and hold, then you had better be absolutely sure of what your company is up to.

[Gunnski]

Amen Tom. I wonder how that AAPL is tasting right about now!

Please use all of the tools that are available to you & just keep it simple.

[thesilly1]

28% drop Year-to-date... There's something to be said about the tools.