Saturday, March 24, 2012

when do i sell?

i sell when ...

1. prices are near resistance (i dont use trendline resistance, just the regular resistance)
2. prices breach support (i dont use trendline support, just the regular support)
3. indicators (macd, rsi/sts) say the trend is down with maximum downside possibility and minimum upside reward.
4. my stops are hit
5. a speculative buy opportunity presents itself  and i have no more cash to buy it ... i sell a laggard.
6. i have already completely satiated my greed :d

*always subject to change without prior notice :)

back to: my trading rules