aba: the macd histogram is above the 0 - line pa ...
ac: the macd histogram is above the 0 - line pa ...
ali: the macd histogram is above the 0 - line pa ...
bdo: the macd histogram is above the 0 - line pa ...
mpi: cutloss just below 4.80
phen: while the macd histogram is already below the 0 - line ... the closing price is at its lowest pa ... dont touch muna ako ...
ppc: the macd histogram is above the 0 - line pa ...
ppg: while the macd histogram is already below the 0 - line ... the closing price is among its lowest pa ... dont touch muna ako ...
sm: cutloss just below 987.00 ...
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"
