aba: the macd histogram is above the 0 - line pa ...
ac: cutloss just below 888.00 (example: 880.00)
ali: the macd histogram is above the 0 - line pa ...
bdo: cutloss just below 137.40 (example: 137.00)
mpi: cutloss just below 4.99 (example: 4.90)
phen: cutloss just below 2.64 (example: 2.60)
ppc: cutloss just below 5.01 (example: 5.00)
ppg: cutloss just below 8.75 (example: 8.70)
sm: cutloss just below 987.00 (example: 980.00)
smph: the macd histogram is above the 0 - line pa ...
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***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
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* these notes are mine alone ... and are for sharing with short-term trend followers
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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 don't?
* what is a "short term trend follower"
