Recent content by artwork79

PLUG - a previously successful trade for me from earlier in the year looks to be making a potential weekly pullback entry point. Since it went parabolic in February/March it's pulled back 69%, and has spent the last month or so consolidating on lower volume around the still rising 30 week MA...

I'm a position trader and so look for medium to longer term Stage 2 advances and so the 200 day figure works quite for me I've found. But it would make sense for a short term trader to use a smaller figure like a 20 day ATR as that would cover roughly a months worth of trading days, or a 50 day...

To calculate the position size I currently use 0.5% of my total account size divided by the 200 day Average True Range of the stock, so for example on the Stage 2A breakout week for SPYR back in May the 200 day ATR was 0.154 and so if you had a account size of say $20,000 then it would be: 100...

I try to on the Stage 2A breakouts, but it depends on the position size I use, which I determine using the average true range from the last year.

Reread Chapter 4 on page 96 onwards (The less resistance the better) as it explains very well and brings up a key point about opportunity costs.

I can see what you are thinking with it, but it breaks a fundamental rule of Weinstein's method which is not to buy a breakout with strong near term resistance, which it has between 9 and 11 zone. And it would also still only be in Stage 1 following the breakout from the minor base you've...

It has been quite successful for me, although it took a lot of experimenting and studying to get to point I am at now as I made a lot of mistakes earlier on as I was trading both trader and investor methods and trying to find my style. From August last year was my first serious attempt at...

I've been trading with Weinstein's method for the last four years and have had the same stocks that you've been trading come up in my watchlists too. A few on my watchlist at the moment are: SIFY - in Stage 1, and has been basing for the last few years. Volume beginning to expand as it's...