remarks:
*im using the PSE TOOLS chart for my reading ...
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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FB 24 AUG 2018
1. the macd histogram is above the 0 - line ...
2. FB closed higher to 96.00 ... up 4.23% ...
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my take on FB:
1. if i were a short term trend follower ... di na ako bibili now ... the histogram is already above the 0 - line ... id wait muna ulit until the histogram is below the 0 - line to buy again ...
2. if i already have FB ... hold lang ako ... the potential price appreciation is still further up ...
3. day traders hit FB in the afternoon ... after going to as high as the intraday high of 103.40 ... FB was sold down by day traders driving the price down to 93.95 ... before finally closing it to 96.00 ...
4. madami pa siguro katulad today na price action in the near future ...
5. my partial sale of 5k shares at 102.00 was unfilled dahil mas mabilis bumaba before i was able to call my broker ... will try again in the coming days ...
*follow me at finance manila
2. if i already have FB ... hold lang ako ... the potential price appreciation is still further up ...
3. day traders hit FB in the afternoon ... after going to as high as the intraday high of 103.40 ... FB was sold down by day traders driving the price down to 93.95 ... before finally closing it to 96.00 ...
4. madami pa siguro katulad today na price action in the near future ...
5. my partial sale of 5k shares at 102.00 was unfilled dahil mas mabilis bumaba before i was able to call my broker ... will try again in the coming days ...
*follow me at finance manila
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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 ....pp
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 PSE TOOLS charts) ...
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