Wednesday, February 24, 2010
Update 2/24/10
Market doesn't seem to want to go down - keep sell-stops steady on remaining holdings.
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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.
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2010
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February
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- Trade Ideas for 03/01/10
- Update 02/26/10
- Trade Idea for 02/25/10
- Update 2/24/10
- Trade Ideas for 02/22/10
- Trade Ideas for 02/19/10
- Trade Ideas for 02/18/10
- Trade Idea for 02/17/10
- Trade Ideas for 02/16/10
- Trade Ideas for 02/12/10
- Trade Ideas for 02/11/10
- Trade Ideas for 02/10/10
- Trade Ideas for 02/09/10
- Trade Idea for 02/08/10
- Trade Ideas for 02/05/10
- Trade Ideas for 02/04/10
- Trade Ideas for 02/03/10
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February
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Disclaimer
All posts are written by Christopher Wang for educational purposes only.
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