Friday, October 10, 2008
P.S.
Chart from a previous October 10th: back in 2002, the bottom of wave 4 of Cycle degree. Check out subsequent action! What is it about this time of year??
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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.
Calculate # Shares to Buy
FAQs
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2008
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October
(36)
- Trade Ideas for Halloween
- Trade Ideas for 10/30/08
- Trade Ideas for 10/29/08
- Closing Shorts
- Trade Ideas for 10/28/08
- Trade Ideas for 10/27/08
- Gold
- Trade Idea for 10/24/08
- Trade Ideas for 10/23/08
- Trade Ideas for 10/22/08
- Trade Ideas for 10/21/08
- Trade Ideas for 10/20/08
- Gap in GLD filled
- Trade Ideas for 10/17/08
- Trade Ideas for 10/16/08
- Trade Ideas for 10/15/08
- How I Trade Options
- Sell the Gaps?
- Trade Ideas for 10/14/08
- Futures Status
- Extra Idea for 10/13/08
- Trade Ideas for 10/13/08
- Elliott Wave implications
- SCC chart updated
- Don't count your chickens
- Update
- Not so fast
- P.S.
- What's Next?
- Trade Ideas for 10/10/08
- Trade Idea for 10/09/08
- Trade Idea for 10/08/08
- Trade Idea for 10/07/08
- Trade Idea for 10/06/08
- Trade Idea for 10/03/08
- Trade Ideas for 10/02/08
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October
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Disclaimer
All posts are written by Christopher Wang for educational purposes only.
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