***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 - no ... the macd histogram is already above the 0 - line ...
2. BPI - no ... the macd histogram is already above the 0 - line ...
Casinos and Gaming
3. BLOOM - no ... the macd histogram is already above the 0 - line ...
4. RWM - no ... while the macd histogram is already below the 0 - line, the closing price is the lowest close in this cycle ... id wait muna before thinking of entering ...
Electricity, Energy, Power and Water
5. AP - no ... while the macd histogram is already below the 0 - line ... the closing price is the lowest close in this cycle ... id wait muna before thinking of entering ...
6. MER - no ... the macd histogram is already above the 0 - line ...
Food, Beverages and Tobacco
7. DNL - no ... the macd histogram is already above the 0 - line ...
8. FB - no ... the macd histogram is already above the 0 - line ...
9. JFC - no ... the macd histogram is alreadt above the 0 - line ...
Holding Firms
10. AC - no ... the macd histogram is above the 0 - line ...
11. AEV - no ... the macd histogram is above the 0 - line ...
12. AGI - no ... the macd histogram is above the 0 - line ...
13. JGS - no ... the macd histogram is above the 0 - line ...
14. LTG - no ... the macd histogram is above the 0 - line ...
15. SM - no ... the macd histogram is above the 0 - line ...
16. SMC - yes ... cutloss: just below 177.50 (example: 177.00) ...
Properties
17. ALI - no ... the macd histogram is above the 0 - line ...
18. MEG - no ... the macd histogram is above the 0 - line ...
19. SMPH - no ... while the macd histogram is already below the 0 - line ... the closing price is the lowest close in the cycle ... id wait muna before thinking of entering ...
Special Situation
20. PHEN - no ... the macd histogram is already above the 0 - line ...
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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 breakouts 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 - no ... the macd histogram is already above the 0 - line ...
2. BPI - no ... the macd histogram is already above the 0 - line ...
Casinos and Gaming
3. BLOOM - no ... the macd histogram is already above the 0 - line ...
4. RWM - no ... while the macd histogram is already below the 0 - line, the closing price is the lowest close in this cycle ... id wait muna before thinking of entering ...
Electricity, Energy, Power and Water
5. AP - no ... while the macd histogram is already below the 0 - line ... the closing price is the lowest close in this cycle ... id wait muna before thinking of entering ...
6. MER - no ... the macd histogram is already above the 0 - line ...
Food, Beverages and Tobacco
7. DNL - no ... the macd histogram is already above the 0 - line ...
8. FB - no ... the macd histogram is already above the 0 - line ...
9. JFC - no ... the macd histogram is alreadt above the 0 - line ...
Holding Firms
10. AC - no ... the macd histogram is above the 0 - line ...
11. AEV - no ... the macd histogram is above the 0 - line ...
12. AGI - no ... the macd histogram is above the 0 - line ...
13. JGS - no ... the macd histogram is above the 0 - line ...
14. LTG - no ... the macd histogram is above the 0 - line ...
15. SM - no ... the macd histogram is above the 0 - line ...
16. SMC - yes ... cutloss: just below 177.50 (example: 177.00) ...
Properties
17. ALI - no ... the macd histogram is above the 0 - line ...
18. MEG - no ... the macd histogram is above the 0 - line ...
19. SMPH - no ... while the macd histogram is already below the 0 - line ... the closing price is the lowest close in the cycle ... id wait muna before thinking of entering ...
Special Situation
20. PHEN - no ... the macd histogram is already above the 0 - line ...
--------------------------------------------------------------------------------------------------------------------------
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 breakouts 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"
