Chrib's Trades: Trade Idea for 8/18/08

Ticker	Entry	Exit A	Exit C	Chart
TRN (Trinity)	37.31	35.34	33.49	Chart

Please refer to "How To Trade My System" (right-hand side).

How to Trade The Ideas

Please read my full post on this topic: How To Trade My System

My ideas are stocks I think might break out in the coming days. In most cases each idea may be traded in one of two ways: Aggressively or Conservatively. Aggressive traders should refer to the table's Exit A column, and Conservative traders the Exit C column.

Entry: The breakout price level is indicated by the "Entry" column. My system buys on the breakout, not in anticipation of a breakout; thus, a stock is only purchased if it's trading at or above the Entry price.

Exit A/C: Depending on whether you plan to trade in an Aggressive or Conservative style, use Exit A or C. This is your initial stop-loss price. If the stock should trade below this price and you own it, SELL THE STOCK. You may also combine the two exits by making Exit C the initial stop-loss and, in addition, sell at market if the stock goes below Exit A on a closing basis.

Order Entry: Use stop-limit buy orders through your broker to buy the stocks, and stop-limit sell orders once you've purchased the stock to protect your capital in case the stock moves against you.

Chrib's Trades

Sunday, August 17, 2008

Trade Idea for 8/18/08

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