Hey Nijmil,

I think there is nothing wrong with doing that in my opinion. I have invested in companies that I have no idea what they do, and based my decision soley on the charts.

I generally only do this when the company I'm interested in is in a major uptrend. If you have a look at my blog, and click on the "Trading with the Trend" link, you will see what I mean.


Best of Luck

I am not that experienced but just from my opinion I think that would be alright but I do think it would be better to use a combination so that you can make a better judgment.

In my opinion, yes it is. I would get some insight on the companies fundamentals to be better informed.

It depends on what market you are trading. If the liquidity /and therefore the demand and supply/ is enough you could always trade the way you do. But I think it's always better to know what the company is about and try to find some news about it.. In the developing markets /like the one in Bulgaria - Bulgarian Stock Exchange/ there are many underestimated companies that are just not in the public focus, so one could buy their shares without lifting too much the price. And when the company is discovered by the masses /or some news appears/.. the sky is the limit It's always less risky to follow the trend but the great deals could come when you see something that not everybody sees.

I know that on the NYSE or some other well-developed market it's difficult for some good company to be let unseen.. But that's where our emerging markets come in place..

You could find some more info in my homepage if you'd like.