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( r, _) [+ @. WHOW TO TRADE3 v( A& ?7 z$ k( J7 A& K4 a r
After you have thoroughly mastered all of the lessons, be sure you are right before you make
* G7 u# q7 l0 G- r: ba trade. Never guess. Trade on mathematical indications only.
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WHAT YOU MUST KNOW BEFORE YOU START TRADING, x( u: j( P, R7 C4 [
You must know exactly how to apply all the rules. You must know where to place a stop loss 6 |' y8 f* n7 G8 T* w7 j
order and must look up what cycle the year is in, that is, whether it is a bull or bear year, ) D4 k* ^3 y' d' G) r$ z
whether the main trend should be up or down.$ U3 h9 U8 d9 B
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Before you make a trade, either buying or selling, consider the position of each individual ! S: n j' \" F2 B7 C9 H) m5 M
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all 2 i! q3 }8 {# S$ s1 Z Q
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
' _, ~: d) H) [$ b% {& o E8 Ha stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
2 c4 G, G: k& I ~5 \7 dweekly and daily chart show down trend, then it is the time to go short, but again, you must
5 e3 L `' C, i# {5 L9 x& Mlook for the most important point ... where to place the stop loss order so that it will not be
0 W4 s; N& K5 ~7 G5 cmore than 3 points away and closer if possible.
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE
: x. X- j1 [3 o5 `5 a/ FFollowing are the most important points that you must consider before buying or selling a , n9 H0 G/ c! M, { F; z
stock:% n# o/ ~, j, v' s8 I) ^3 M6 s
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general % Y# s( V, q+ ~6 T; ]0 F- L, N+ s
market is up or down.
, E' g6 h3 S) r2 f, O2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
! S: Z0 ?! _" r' E9 b( S3. MONTHLY position on TIME PERIODS from tops and bottoms.
+ F* O) N% |( [( N6 U) Q; Q3 P: W4. WEEKLY position on TIME PERIODS from tops and bottoms." Y! i- x, l8 Z* ^
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other , C' ^/ P; L5 {/ B' J+ o4 y
points of support or resistance.
3 q5 V1 q$ Z. E2 \, u. k {6. Study all FORMATIONS. If a stock has held for several days, weeks or months around ) a( V: [$ g6 O5 ]9 ^1 F
the same level, determine whether it is about ready to cross tops or break bottoms.
3 U! V1 s: N/ b, V7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume / Y4 Q8 G% R" P3 S5 R
over past few days or weeks.# B+ D/ s0 o! Q' y G8 j
8. Look up SPACE or price movements from previous tops and bottoms and find out the * E$ T: s6 G9 ~9 Q2 u
greatest advance or decline for past few weeks or months. Example: If a stock has - j5 s2 N, `, y6 s6 S% O- T0 W- C
reacted 5 points several times and at the time you look it up, if you find it is 3 points
+ J' V- k+ c! q3 J" P8 @6 Ldown from the last top and the trend is up on monthly, weekly and daily with the price 1 m! Y8 H3 I6 d0 |! u. t( E
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock 6 ~% @; M) ~; G) |9 R2 V+ @+ {
should break back over 5 points, the previous reaction limit, it would show a change in
! t9 P; j/ k$ i( u" Utrend and you should go short of it.
5 j* y2 d* M$ o& g! N# H9. Never overlook the fact that you must have a definite indication before making a trade." g# I. s X6 @. r3 S
10. Most important of all ... always locate the point at which to place a stop loss order to : z1 P- [5 M, s
limit risk.$ \3 x Y' o8 Y1 l3 \' P/ M
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PRACTICE TRADING ON PAPER: X. a* z, b3 Q$ C9 w% i# ~! r; [
After you feel sure that you have mastered all the rules and know exactly how to determine
: z. w! O" i: y$ z2 Fthe trend of a stock and the place to begin trading, then to make yourself doubly sure and
) Y `- j% {6 X, }" c/ iestablish confidence, practice trading on paper and till you thoroughly understand how to use
1 Z6 k1 l# p% A: G6 t7 zthe rules and when to use them. If you make mistakes trading on paper, then you would make 4 }" L# c. A. ^" H3 s3 ^
mistakes at the time in actual trading and you are not ready to begin trading. When you feel
" g$ Y, I& ]' ^( {that you are competent to start trading, apply all of the rules and TRADE ONLY ON ) d. f5 H3 j$ J) Y& t
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
5 z& r- s$ B5 q) {9 Land not sure where to place a stop loss order, then wait until you get a definite indication.
; h' B% C Z( z' Z dYou can always make money by waiting for opportunities. There is no use getting in partly
$ m/ C3 X1 l8 F- ton guesswork and losing.) @, Y8 b6 {' A: K7 U& |+ ~: P
" J$ F/ v/ b7 L
WHEN TO CLOSE A TRADE
+ L" v# H3 K3 m7 M% P) GAfter you start actual trading, when you make a trade, don't close it or take profits until you " ]# q" C! n1 n6 V4 ^. R5 `% \
have a definite indication, according to the rules that it is time to sell out or buy in or to move
9 [# ~# s1 X& p; T0 w9 Z- u6 \up the stop loss order and wait until it is caught. The way to make a success is to always
; l* _: b8 G7 c9 p6 Qfollow the trend and not get out or close a trade until the trend changes.
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0 d6 J* b5 G/ ^2 R! A- LWHEN TO WAIT AND NOT TRADE b; @1 k; O. G% [) d- L* {
It is just as important to know when not to enter the market as it is to know when to enter it. % ^* g, J- d) p* n; O+ Q
The time not to make a trade is when you find a stock has been holding in a narrow trading 3 }: C g& _( R$ N& c w
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms 4 |5 `* w* c- P- ]$ d* x% r
previously made or crossed tops previously made. A stock may stay for weeks or months or
. {- y3 g1 _# @& Feven years in a trading range and will not indicate any big move or change in trend until it
7 b; s7 R4 s% l8 U* w: g8 ncrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks & a1 G+ e, N, ?5 C+ Y
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in
+ U) | Q: ^4 ], w. n1 F- p4 Sthis position, it is no time to start trading in it.
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: y1 }9 j- F1 U( nFOLLOW ALL RULES7 @- n* C- u; L- } w
Remember, follow all rules; check and double check; study the major and minor cycles for 5 j3 S- r* _1 t3 c- G- E3 v
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
, K& M1 F7 W; D* ]and tops and between bottoms and tops. If you ignore one important point, it may get you in 8 j2 W# X( u3 @/ z- e
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you % u" K* r. S- D9 V+ W
leave out one of the rules, you will not have a complete forecasting method or trend indicator.
( A6 C+ O/ g }2 ^Your success with the method depends upon you doing your part, studying and learning how
* i5 L/ b t* i0 `6 ]$ W+ lto apply the rules and not mixing any inside or outside information or reasoning against the ! q! s5 U [0 [* L+ F9 b4 _6 x
mathematical indications. No man ever made a success at anything who did not work hard. I
7 C+ n4 L1 h& @+ y. ]+ fhave 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
