Tuesday, February 3, 2009
Update
Chrib had a bout of food poisoning and will need a couple days to recuperate. Sorry for the inconvenience.
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
How to Trade The Ideas
Search Chrib's Trades
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.
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.
Calculate # Shares to Buy
FAQs
Archive
-
▼
2009
(259)
-
▼
February
(18)
- Trade Idea for 02/26/09
- Trade Ideas for 02/25/09
- Trade Idea for 02/25/09
- Trade Idea for 02/24/09
- Trade Ideas for 02/23/09 and Roadmap
- Trade Ideas for 02/20/09
- Trade Idea for 02/19/09
- Trade Idea for 02/18/09
- Trade Ideas for 02/17/09
- Trade Ideas for 02/13/09
- Update 02/12/09
- Trade Ideas for 02/11/09
- Trade Idea for 02/10/09
- Trade Ideas for 02/09/09
- Trade Ideas for 02/06/09
- Update
- Trade Ideas for 02/03/09
- Trade Ideas for 02/02/09
-
▼
February
(18)
A Must-Read
Search Amazon.com
Disclaimer
All posts are written by Christopher Wang for educational purposes only.
No comments:
Post a Comment