STOCK LIST:
aba: the macd histogram is already below the 0 - line ... but the price is still down (one centavo lang above the lowest) ... id rather wait pa muna before thinking of buying ...
aceph: the macd histogram is still above the 0 - line .. wait pa muna before buying ...
bdo: the macd histogram is above the 0 - line already ...
bpi: the macd histogram is still above the 0 - line ...
eei: cutloss just below 10.02 ...
ferro: the macd histogram is below the 0 - line already but the price is falling pa ... dont buy pa ...
home: no macd histogram (12, 26, 9) yet ... pababa pa yun price ...
kppi: the macd histogram is above the 0 - line pa ...
mbt: the macd histogram is above the 0 - line pa ...
mpi: cutloss just below 4.73 ...
pxp: the macd histogram is above the 0 - line pa ...
sm: the macd histogram is above the 0 - line pa ...
smc: the macd histogram is above the 0 - line pa ...
smph: the cutloss just below 38.00 ...
wlcon: the macd histogram is still above the 0 - line ...
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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"
