AMAT, BRCM, AAPL, BGEN all below their all time high.
Here is my logic. For short term buy only extremely high probability set ups. In short term trading why not buy only those who have recently surpassed or just near their all time high. The higher is the probability they will go up because...
I have had lot of personal experience in my former career (senior management) in mentoring. I found good mentors early in my career and later mentored and continue to mentor some managers.
Mentoring can help a lot. But the question is whether it is paid mentoring or free. I have seen many...
Its a package deal you get occasional good ideas with lots of noise, snake oil, spam, self promotion, sense of community and great soap opera from time to time( see the thread Dangerous and Sad situation). The amount of noise is also a function of market phase it is correlated to current...
How I Made Two Million Dollars in the Stock Market Author: Nicolas Darvas
Simple mechanical system with entry rules, stop loss strategy and exit told in a very simple easy to understand language.
Obviously you have a method which is working for you, so you may not want to change it.
But here are some of my observations after watching your picks for sometime.
Your volume criteria takes out some of the likely major movers. For your account size and holding period if you pick stock with...
I am intrigued by your long and short selections. Out of your long GNSS, ALKS, GRP were in down trend. Hovering close to their 200 EMA. While some of your shorts look like just minor corrections in strong sector stocks. Some of them might be consolidating for move up and have not broken EMA...
If you use a channel breakout system then stops like this are used. Where the stop is placed at the lower boundary of channel. Long term trend following system need to have wide stops to ensure you catch huge profit when you are right.
1 it might be because the market momentum has declined and breakouts from pullback do not go far. which is what happens during consolidation or prior to trend change.
2 take partial profit it is on half position or 1/3 rd and then on the next portion and let a small portion run.
3 select stock...
Good point.
My stock selection is strategy specific.
1 For trend trading I only trade companies which IPOed in the last ten years. And whose last five day trading volume is more than 30000 everyday. ( this list has around 700 stocks)
2 For value and options strategy DJ30 stocks
3 For swing...
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