remarks:
*my computer has been acting up again ... and i cant use my screen capture application to take pics of my charts ... so just please bear with me ..
*im using the INVESTAGRAMS chart for my reading ...
*follow me at finance manila
THIS IS MY DAILY CHART MONITOR OF PSE STOCKS ... I MAY OR MAY NOT HAVE A POSITION ON THEM ... THIS IS BEING DONE JUST FOR MONITORING ONLY ... NOT EVEN FOR EDUCATIONAL PURPOSES ...
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chart reading as of end of 20 APR 2018
1. the macd histogram is still above the 0 - line ... it is lower ...
2. AC closed higher to 919.00 ... up 1.43% ...
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my take on AC:
1. if i were a short term trend follower and i plan to buy AC ... di muna ako buy .... the histogram is still above the 0 - line (i dont buy if the histogram is still above the 0 - line) ...
2. if im a gambler .... id buy AC now ...cutloss just below 899.50 (example: 895.00) ...
3. just an anecdote ... a facebook blog reader related yesterday that her trade on AC recently was a success using my simple buying strategy ... she said that she bought at 919.00 then sold at 965.00 ... altho at her exit she said she panicked because of the 200-MA resistance so she sold ahead instead of waiting for her stop to be hit ...
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2. if im a gambler .... id buy AC now ...cutloss just below 899.50 (example: 895.00) ...
3. just an anecdote ... a facebook blog reader related yesterday that her trade on AC recently was a success using my simple buying strategy ... she said that she bought at 919.00 then sold at 965.00 ... altho at her exit she said she panicked because of the 200-MA resistance so she sold ahead instead of waiting for her stop to be hit ...
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*my buy criteria: i buy when the following happens:
1. the macd histogram is below the 0 - line
2. if the current price is higher than the most recent price bottom
3. i buy on breakout ONLY when adding to an ALREADY EXISTING position
*when do i sell? i sell when:
1. i cutloss just below the most recent bottom
2. my trail stop is hit (this means that my position is already net positive)
*what stocks do i buy?
1. index stocks
2. stocks that have a current story as disclosed in the edge website ...
3. speculative stocks
*what do i do when i start buying a stock?
1. when i buy, i buy in phases .... when i see a stock fulfilling my buy criteria .... i initially buy 1/3 or 1/4 of my allocation for a particular stock ... then i wait and observe ....
2. on subsequent days ... when the price of the stock advances... i add 1/3 of my allocation ....
3. i add my last 1/3 allocation when the stock advances some more ...
*what i dont?
http://1kagemusha.blogspot.com/2012/03/what-i-dont.html.
* what is a "short term trend follower"
* these notes are good only for the next trading day ... and NOT for the subsequent trading days
* these notes are mine alone ... and are for sharing with short-term trend followers
STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!
p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (my values for the indicators are the default values used in the INVESTAGRAMS charts) ...
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