*bookmark me at: immovable as a mountain (a filipino trend follower's blog)
*im using the INVESTAGRAMS 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 28 SEPT 2018
chart reading as of end of 28 SEPT 2018
1. the macd histogram is still below the 0 - line ...
2. SMC closed unchanged to 169.50 ...
3. most recent bottom: 165.00 ...
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1. the macd histogram is still below the 0 - line ...
2. SMC closed unchanged to 169.50 ...
3. most recent bottom: 165.00 ...
my take on SMC:
1. naghihintayan lang mga traders ... may almost 3 weeks pa bago pricing ng follow-on offering ng FB ... my take is SMC will move depending on the price of the FB foo ... unless may ibang extra-ordinary event that will make the price dive down ... im just holding muna sa SMC ko ...
*follow me at finance manila-------------------------------------------------------------------------------------------------------------------------------
*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 INVESTAGRAMS TOOLS charts) ...
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