Brainy's Share Market Toolbox An arsenal of weapons to help you tackle the share market.
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What's new in the Share Market Toolbox Exit strategies - updated |
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Monthly Toolbox eNews Update | #73 - Sept-Oct 2015
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Dear Reader,
This Share Market Toolbox eNews Update email is going to all of our subscribing Share Market Toolbox
Members as normal, and to the non-Members who have expressed an
interest in receiving it. (Any non-members who want to access the detail
in the Members Area can easily join as a Toolbox Member - it's not expensive.)
Since I wrote about Nimble Short Term Investing a few months ago, I have been talking with a number of people about the topic of exit strategies.
Many market participants ask themselves how they can capture and lock
in profits, and protect their capital from downside
risk, with the best approach to an exit strategy. This became even more
front of mind when the market index fell 11 percent in the first three
weeks of August (see daily chart of XAO index at right - click on it for
a larger version).
Unfortunately,
there are many possible ways to determine the best time to exit a
position, and none of them are wrong. I wrote about these in the eBook
Articles some time ago, and in earlier editions of this eNews. But with
the market proving challenging for the preservation of capital, it is
opportune to re-visit this topic.
In
addition to this, I was invited to be guest speaker at the November
meeting of the Newcastle ATAA chapter, with the opportunity to deliver
two presentations. So I offered to update my earlier materials on Exit
Strategies and talk about this to the group, and to promote some
discussion amongst the local members so they can help each other with
their own experiences. I wanted to include that updated material in this
edition of the eNews, so I needed to hold it over a little longer than
usual (hence this edition is a little late).
So, in this edition of the eNews there are updated eBook Articles, and the revised slide presentation. See all the details in This Month's Focus section below.
If you would like to see a history of the Toolbox changes, see the special content update blog, and you can select the option there to "Follow" that blog to get details about new updates as soon as they are made.
Any non-member who no
longer wants to receive this material on a monthly basis can simply
unsubscribe from ALL topics using the SafeUnsubscribe link at the bottom
- or just Update Your Profile to change your interests. BUT NOTE:
Toolbox Members and BullCharts mailing list members should not
unsubscribe, as it will remove you from all my mail lists and you will
no longer get any emails. Please remember, anything
mentioned here, and in the referred eBook Articles, is for general
education only, and is not advice of any sort.
Please read on...
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About these Toolbox eNews Update emails...
Here's a short note
to the recently new Toolbox Members, and new readers of this monthly
email:- These share market Toolbox eNews emails
always go to Toolbox Members (a part of the Toolbox service), and to
the people who have registered to receive occasional information about
the Share Market. This is a monthly email with some pointers and tips
on focused topics - see a quick intro to the eNews emails. They often include references to specific eBook Articles in my Share Market Toolbox, as well as key web pages in the free area of the Toolbox (eg. on the extensive Share Market web page).
I have been writing the eBook Articles since October 2008 - that's a
few years now - and these eNews emails help you to navigate to related
and useful information each month. You can see the past eNews emails in
the eNews Archive.
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Remember...
Price charts summarise the underlying opinions
and emotions of the market participants.
Every chart tells a story. It pays to understand the stories in the price charts.
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This month's focus:
Exit strategies - updated
For this edition of the eNews I have waded through four of my existing eBook Articles and
added extra information, and tweaked the wording in several places. I
have also updated my slide presentation on this topic.
Updated web page and slide presentation:
- eBook Article TA-6030, "Exit strategies - introduction" - This free 4-page article was originally published in 2012, and has been refreshed a little.
- eBook Article TA-6031, "Exit strategies Part 1 - Time, price, money"
- This 5-page article from 2013 has some additional material and is now
7 pages long. It focuses on time-based exits, price target exits and
money-based exits.
- eBook Article TA-6032, "Exit strategies Part 2 - Price chart features"
- This 4-page article is extended to 6 pages and talks about exit
methods based on price chart features - things like identifying
weakening trends, and using the Count Back Line tool and an introduction
to using various candlestick patterns.
- eBook Article TA-6033, "Exit strategies Part 3 - Chart indicators"
- This 8-page article is extended by one page to 9 pages, and describes
a number of exit methods that utilise technical analysis chart
indicators such as: Moving Averages, Weinstein's approach, Parabolic
Stop and Reverse P-SAR, and more.
Regarding
my growing collection of eBook (PDF) Articles, don't forget to see the
latest Table of Contents pages for these articles (see links in the
side-bar above right). You can also see the Table of Contents for all eBook Articles (recently new or updated ones are highlighted), and the Toolbox Master Index which includes the eBook Articles, plus web page references, and helpful videos.
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eBook (PDF) Articles - Summary
Since October 2008 I have accumulated quite a collection of eBook (PDF) Articles
on three subject areas - Share Trading/Investing, Technical Analysis
and BullCharts software. There are now 723 pages of material in 159
eBook articles. These Articles are invaluable for both new and
experienced investors and traders. I write brief monthly notes in this
eNews email to highlight specific Articles on targeted topics, and
sometimes referring to new or updated web pages in the Toolbox (also see
a history of Toolbox updates). I am also writing new Articles and updating existing ones as required. For more information please see:
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Article front pages
For any new readers of my Toolbox eBook Articles, there are some useful introductory Articles including an Introduction and an Overview Article for each of the three subject areas. You can see them here:
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Any problems?
What if you have some
sort of problem with accessing the Toolbox and any of these Articles? Or
maybe the Username and Password doesn't work. If there is any problem
at all, simply contact me by email or phone. The best email address for
this is: support@robertbrain.com.
Occasionally emails disappear - the system thinks they are spam, or the
ISP might think they are spam. If I don't reply within a day or so,
please contact me by either email address or phone.
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In Closing
There
is nothing secret in this email, so feel free to forward it to someone
if you think they might benefit from the information, or from being a
Toolbox Member. The easiest way to do this is to use the "Forward Email"
link at the bottom.
I
am also confident that my Toolbox Members won't be sharing their
username and password with non-members. It is not fair that I spend all
this time preparing the materials, and then my Toolbox Members pay money
to have legitimate access, only to let some people pay nothing to read
and view the details.
Please
feel free to email an individual Article to others as a sample; but if
they want online access to all the materials, it is pretty cheap, so
they should subscribe as a Toolbox Member. There is information about Toolbox Membership in the Quick Links section at right.
Always happy to receive feedback, or suggestions for new content or improvements.
Until next month, happy investing or trading,
Robert B. Brain (mobile: 0438 355 910)
ps: watch out for the sharks in the ocean!
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