remarks:
*im using the chartmoto 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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SMC 29 AUG 2018
1. the macd histogram is above the 0 - line ...
2. SMC closed higher to 171.00 ... up 2.95% ...
3. resistance: 173.50 ...
4. breakout: 174.50 ...
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my take on SMC:
1. if i were a short term trend follower ... id wait muna until the histogram is below the 0 - line before thinking of buying ...
2. if i already have SMC ... hold lang ako ... i dont know why the sudden surge today ... pero hold lang ako until stockholders meeting ng FB sa 12 september ...
*follow me at finance manila
2. if i already have SMC ... hold lang ako ... i dont know why the sudden surge today ... pero hold lang ako until stockholders meeting ng FB sa 12 september ...
*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 chartmoto charts) ...
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