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W pattern experiances

Discussion in 'Technical Analysis' started by myidgmc, Jun 12, 2014.

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  1. myidgmc

    myidgmc Member

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    Hi All,

    Please share your experience with W pattern stocks.

    How you played and how much minimum profit can be booked in terms of Percentage and success percentage out of 10 stocks.

    Thanks in advance.

    Regards,
    Ram
     
    myidgmc, Jun 12, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jun 13, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    Just found this thread posted right away on W Pattern
     
    shabbir, Jun 13, 2014
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  4. myidgmc

    myidgmc Member

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    Hi Shabbir,

    Thanks for the reply.

    I have started investment with DCW Ltd stock and got good profits using W pattern.

    But would like to know more about the success percentage and minimum % of returns.So that i can increase my investment amount in these stocks.



    Thanks,
    Ram
     
    myidgmc, Jun 13, 2014
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  5. shabbir

    shabbir Administrator Staff Member

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    Yes its important to see where others have success but then what important is to try to find what works best with your kind of patience and risk taking ability and so instead of doing what others are doing try to follow what works and find how you can use what works for your benefits.

    So I would say with W or be any other pattern there is no general rule as to what percentage profit works but what I prefer is to use 1.5 times the stop loss and that works the best for me.
     
    shabbir, Jun 14, 2014
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