- Scanned on 9/14 at a price of $113.32
- Stop loss at $106.35 or cross of 50dma, which ever is first
- Trade profitabilty: Stopped out on 9/17
- Loss of ~6.2%
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Please visit http://buy-high-sell-low.blogspot.ca/ for new trading ideas.
My Links
Excellent Investing Blogs:
Jesse Livermore
World's Greatest Trend Follower. Made $100 million during the 1920's.
My Seven Rules
- Buy strength in bull markets
- Short sell weakness in bear markets
- Avoid getting involved with weak counter-trend moves
- Cut losses short
- Let winners run
- Separate emotions from decision making
- Avoid trying to predict the future
Game Plan
1) Get into stocks that are in massive trends
2) Place stop immediately after placing order. Stop placement is determined using formula that incorporates stock and market volatility. (Stops become less tight as volatility increases)
3) As the stock continues trending, profits are locked in as 50 day moving averages climbs.
4) Spread capital amongst several short and long positions. Avoid losing 5% of trade capital in any given trade.
5) Make slow and gradual profits.
Sponsor
My Trading Account's Equity (Index)
-Week ending Dec 19: 180.3
-Week ending Dec 12: 177.4
-Week ending Dec 5: 267.7
-Week ending Nov 28: 223.9
-Week ending Nov 21: 499.8
-Week ending Nov 14: 399.5
-Week ending Nov 7: 295.6
-Week ending Oct 31: 250.8
-Week ending Oct 24: 285.9
-Week ending Oct 17: 261.8
-Week ending Oct 10: 256.5
-Week ending Oct 3: 185.2
-Week ending Sept 26: 133.2
-Week ending Sept 19: 155.3
-Week ending Dec 12: 177.4
-Week ending Dec 5: 267.7
-Week ending Nov 28: 223.9
-Week ending Nov 21: 499.8
-Week ending Nov 14: 399.5
-Week ending Nov 7: 295.6
-Week ending Oct 31: 250.8
-Week ending Oct 24: 285.9
-Week ending Oct 17: 261.8
-Week ending Oct 10: 256.5
-Week ending Oct 3: 185.2
-Week ending Sept 26: 133.2
-Week ending Sept 19: 155.3
Disclaimer
This site is for educational purposes only, and nothing in this site should be taken as a recommendation to buy or sell any security.
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