***i am not a day trader
***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?
Banks
1. BDO - yes ... cutloss just below 129.80 (example: 129.50) ...
2. BPI - no ... while the macd histogram is alredy below the 0 - line ... the price may still go down (.05 lang difference from the current bottom e) ... wait lang muna ako ...
Casinos and Gaming
3. BLOOM - no ... the macd histogram is already above the 0 - line ...
4. RWM - yes ... cut loss just below 5.33 (example: 5.30) ...
Electricity, Energy, Power and Water
5. AP - no ... the macd histogram is above the 0 - line ...
6. MER - yes ... cutloss just below 375.20 (example: 375.00) ...
7. PHEN - no ... the macd histogram is already above the 0 - line ...
Food, Beverages and Tobacco
8. DNL - no ... the macd histogram is above the 0 - lne ...
9. FB - yes ... cutloss just below 99.10 (example: 99.00) ...
10. JFC - no ... the macd histogram is still above the 0 - line ...
Holding Firms
11. AC - yes .. cutloss just below 905.50 (example: 905) ...
12. AEV - no ... the macd histogram is already above the 0 - line ...
13. AGI - yes ... cutloss just below 15.60 (example: 15.50) ....
14. JGS - no ... the macd histogram is already above the 0 - line ...
15. LTG - yes ... cutloss just below 15.58 (example: 15.50) ...
16. SM - no ... the macd histogram is above the 0 - line ...
17. SMC - yes ... cutloss just below 167.50 (example: 167.00) ...
Properties
18. ALI - no ... the macd histogram is above the 0 - line ...
19. MEG - yes ... cutloss just below 5.58 (example: 5.50) ...
20. SMPH - no ... although the macd histogam just crossed the 0 - line to the downside ... it may still go down ...
Special Situation Stock
21. HLCM - no ... the macd histogram is already above the 0 - line ...
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A VERY SHORT COURSE ON HOW I TRADE:
*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"
* 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?
Banks
1. BDO - yes ... cutloss just below 129.80 (example: 129.50) ...
2. BPI - no ... while the macd histogram is alredy below the 0 - line ... the price may still go down (.05 lang difference from the current bottom e) ... wait lang muna ako ...
Casinos and Gaming
3. BLOOM - no ... the macd histogram is already above the 0 - line ...
4. RWM - yes ... cut loss just below 5.33 (example: 5.30) ...
Electricity, Energy, Power and Water
5. AP - no ... the macd histogram is above the 0 - line ...
6. MER - yes ... cutloss just below 375.20 (example: 375.00) ...
7. PHEN - no ... the macd histogram is already above the 0 - line ...
8. DNL - no ... the macd histogram is above the 0 - lne ...
9. FB - yes ... cutloss just below 99.10 (example: 99.00) ...
10. JFC - no ... the macd histogram is still above the 0 - line ...
Holding Firms
11. AC - yes .. cutloss just below 905.50 (example: 905) ...
12. AEV - no ... the macd histogram is already above the 0 - line ...
13. AGI - yes ... cutloss just below 15.60 (example: 15.50) ....
14. JGS - no ... the macd histogram is already above the 0 - line ...
15. LTG - yes ... cutloss just below 15.58 (example: 15.50) ...
16. SM - no ... the macd histogram is above the 0 - line ...
17. SMC - yes ... cutloss just below 167.50 (example: 167.00) ...
Properties
18. ALI - no ... the macd histogram is above the 0 - line ...
19. MEG - yes ... cutloss just below 5.58 (example: 5.50) ...
20. SMPH - no ... although the macd histogam just crossed the 0 - line to the downside ... it may still go down ...
Special Situation Stock
21. HLCM - no ... the macd histogram is already above the 0 - line ...
--------------------------------------------------------------------------------------------------------------------------
A VERY SHORT COURSE ON HOW I TRADE:
*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"
