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' g" D4 W# |- G9 h! }HOW TO TRADE
, K) j7 X7 s8 |8 O( C1 eAfter you have thoroughly mastered all of the lessons, be sure you are right before you make
7 d2 d. o- w7 a; _+ p0 L8 j! W; wa trade. Never guess. Trade on mathematical indications only.6 I) c, i7 J9 p5 m% F/ Q4 O
1 Q! u/ F' n a" KWHAT YOU MUST KNOW BEFORE YOU START TRADING
, @7 {: {, C6 ]4 R* qYou must know exactly how to apply all the rules. You must know where to place a stop loss / `' i) \* ?6 c. c; ^/ b5 X: \; C
order and must look up what cycle the year is in, that is, whether it is a bull or bear year, + t+ F- w7 K7 t2 x! n
whether the main trend should be up or down." `1 A$ s7 i. K: o
m" o5 ~1 C; `! S" [
Before you make a trade, either buying or selling, consider the position of each individual 4 k. c S- A$ j2 b
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all & V8 c4 w- T: X$ A
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
# D# [$ G# L( S6 ^: B& W! d# t, Pa stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, * h, Y' G* k4 ]! h8 p
weekly and daily chart show down trend, then it is the time to go short, but again, you must ' g. X, ]5 H. P, `% e+ h
look for the most important point ... where to place the stop loss order so that it will not be
5 A$ ?( b, Q$ o* N2 ]$ Pmore than 3 points away and closer if possible.
v9 m* }0 l- [1 P& Z" v8 S) [+ n' w: ~/ F+ `% @* r" `
WHAT TO LOOK UP BEFORE YOU MAKE TRADE
$ N5 G. t& j* S8 a4 T V) n3 [Following are the most important points that you must consider before buying or selling a O, \: } x+ X# X- O: Q% g
stock:
a/ }; L) y$ r1 j# ^1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
; A# C: i1 _5 Q/ t4 {market is up or down.( Y9 |0 V* d# a w* f: @3 L* B
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
# `) O1 Y8 [& ~2 r" J" ~9 \3. MONTHLY position on TIME PERIODS from tops and bottoms.; _2 X5 U- M1 p0 Y$ Z, P
4. WEEKLY position on TIME PERIODS from tops and bottoms.
$ N( n6 |, h0 ?5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
8 D, \) B+ l7 p9 a5 S& z8 e! Zpoints of support or resistance.
8 j4 b. y4 b+ Y9 G8 N* V; }* a# g6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
/ r" C* [& _1 J5 kthe same level, determine whether it is about ready to cross tops or break bottoms.& [( |" ?- V3 @- q
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
/ x# C6 t3 \. @. G. gover past few days or weeks.
, }2 i; x; }8 T: ^7 \5 M8. Look up SPACE or price movements from previous tops and bottoms and find out the
1 K7 v. S# _, \( z4 ]8 agreatest advance or decline for past few weeks or months. Example: If a stock has % F) `. l/ Q+ C
reacted 5 points several times and at the time you look it up, if you find it is 3 points ! e. w5 c9 J8 P1 e4 k: s. _& u
down from the last top and the trend is up on monthly, weekly and daily with the price
8 x; i9 Q* Q# G1 k/ v$ Snear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
4 s" m* T1 @7 `' xshould break back over 5 points, the previous reaction limit, it would show a change in * ~; U4 l9 M {, ^8 ^1 E
trend and you should go short of it.- e/ E2 d' S2 Y9 p+ k! r0 R& W1 J% B
9. Never overlook the fact that you must have a definite indication before making a trade.6 c0 Q6 O1 i" ?+ R: `% m
10. Most important of all ... always locate the point at which to place a stop loss order to d( F& D* e* p I
limit risk.3 d$ S, T- L. z. V, V( b
1 Z1 M. ?# x6 b! E! d1 r; C' JPRACTICE TRADING ON PAPER8 N4 R1 N& S" |2 y. i# R
After you feel sure that you have mastered all the rules and know exactly how to determine
) O' l' G9 p6 q* n7 U2 w% z, Rthe trend of a stock and the place to begin trading, then to make yourself doubly sure and 6 o; E, R' e1 M
establish confidence, practice trading on paper and till you thoroughly understand how to use 1 Q1 N. f% Q# h0 Y
the rules and when to use them. If you make mistakes trading on paper, then you would make J8 D0 B9 ^& I
mistakes at the time in actual trading and you are not ready to begin trading. When you feel
$ |3 Y& T* m8 \, X: f$ g' T# V- j7 i% _$ bthat you are competent to start trading, apply all of the rules and TRADE ONLY ON
" i p5 W# Z K8 m6 LDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
" ?8 I+ j4 f2 }4 p$ ~; O; Gand not sure where to place a stop loss order, then wait until you get a definite indication.
' Y- j. l" E7 `* ?- T `$ F6 MYou can always make money by waiting for opportunities. There is no use getting in partly ( Z6 T2 }1 c& k$ S, w" m* r
on guesswork and losing.+ u9 b% t* C+ e, a. |4 v! z W8 |
; f, v3 Y2 c4 X1 u2 N7 P, A$ zWHEN TO CLOSE A TRADE
9 T0 n+ ~. d8 gAfter you start actual trading, when you make a trade, don't close it or take profits until you
; ? W/ b. m5 R, t7 Uhave a definite indication, according to the rules that it is time to sell out or buy in or to move [/ M, M& i# O5 B
up the stop loss order and wait until it is caught. The way to make a success is to always
9 X0 T! ]) f7 |0 H' ~follow the trend and not get out or close a trade until the trend changes.
' Z% i( e4 y' A% R) x3 F5 U
7 @ J; q: P* f( k5 B! w: ~, uWHEN TO WAIT AND NOT TRADE
! k& a" ?$ _7 }8 K( L1 h7 dIt is just as important to know when not to enter the market as it is to know when to enter it.
. `! f$ h5 g$ K+ V, K lThe time not to make a trade is when you find a stock has been holding in a narrow trading
9 ?8 c! ]0 _+ E4 i" Y* [1 {" Orange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
$ A" ?! Z6 L+ d+ C, D+ ypreviously made or crossed tops previously made. A stock may stay for weeks or months or
4 v! B% ?' }+ i3 H+ a Oeven years in a trading range and will not indicate any big move or change in trend until it
J9 @( q: p; ?! `' Lcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks , v) i! @5 G* U' C( o& W, L# v
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in
" p& Z' p. I% y1 M( othis position, it is no time to start trading in it.+ G1 {. ^! _! V j4 D
5 |3 P& G5 A: E7 ~3 q1 s
FOLLOW ALL RULES
: {, ~8 g7 r- \# wRemember, follow all rules; check and double check; study the major and minor cycles for / ^# W8 g1 b5 k Y5 M
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms * r7 g6 e; [5 K, L7 {8 A3 w
and tops and between bottoms and tops. If you ignore one important point, it may get you in
. V5 l) j2 {! M9 @wrong. The whole can never exceed all its parts and all the parts make up the whole. If you $ W5 C& k" p/ i) O2 _/ B
leave out one of the rules, you will not have a complete forecasting method or trend indicator.- g& M# s+ W8 g$ _
Your success with the method depends upon you doing your part, studying and learning how 5 [5 x6 W6 ~( A5 o% Z* x$ r
to apply the rules and not mixing any inside or outside information or reasoning against the
: G7 O' a/ k* Z; u4 Dmathematical indications. No man ever made a success at anything who did not work hard. I
H# y- N& e7 b0 ^! Z/ v( G7 y& ?% ihave done my part, and it is now up to you to do yours. |
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发表于 2009-5-11 17:26:35
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发表于 2009-5-11 22:45:16
发表于 2009-5-12 21:16:21
