***follow me at finance manila
***bookmark me at: immovable as a mountain (a filipino trend follower's blog)
* 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
i buy stocks only when they fulfill two conditions:
- their macd histograms are below the macd 0 - line and
- their current prices are higher than their most recent bottoms ...
so .. would i buy these stocks now?
1. AC - no
2. AEV - no
3. AGI - no
4. ALI - yes ... cutloss just below 38.00 (example: 37.90)
5. AP - no
6. APX - no
7. BDO - no
8. BLOOM - yes ... cutloss just below 7.97 (example: 7.95)
9. BPI - no
10. CLC - no
11. DNL - no
12. GLO - yes ... cutloss just below 1915 (example: 1910)
13. ICT - yes ... cutloss just below 87.30 (example: 87.25)
14. IRC - no
15. ISM - no
16. JFC - no
17. JGS - no
18. LTG - no
19. MBT - no
20. MEG - no
21. MER - no
22. MPI - yes ... cutloss just below 4.65 (example: 4.60)
23. MRC - yes ... cutloss just below 55 centavos (example: 50 centavos)
24. MWIDE - no
25. NIKL - no
26. NOW - yes ... cutloss just below 4.11 (example: 4.00)
27. PCOR - yes ... cutloss just below 8.12 (example: 8.10)
28. PGOLD - no
29. PXP - no
30. RRHI - no
31. SCC - no
32. SECB - no
33. SM - no
34. SMC - no
35. SMPH - no
36. SSI - yes ... cutloss just below 2.45 (example: 2.40)
37. TEL - no
38. URC - yes ... cutloss just below 128.10 (example: 128.00)
39. VLL - yes ... cutloss just below 5.01 (example: 5.00)
40. WLCON - no
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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 ...
*what do i do when i start buying a stock?
1. when i buy, i buy in tranches .... 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"
