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o9 d6 q3 B+ e/ A# T0 d+ ~HOW TO TRADE" W, x* U! x k' E
After you have thoroughly mastered all of the lessons, be sure you are right before you make + r" r& x' k* y' B& L3 I
a trade. Never guess. Trade on mathematical indications only.
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WHAT YOU MUST KNOW BEFORE YOU START TRADING
$ M+ h# `; S( OYou must know exactly how to apply all the rules. You must know where to place a stop loss
7 b# g \' z2 _3 Lorder and must look up what cycle the year is in, that is, whether it is a bull or bear year, + M' F6 L1 O1 P+ j7 t6 @9 ?' T5 J
whether the main trend should be up or down.4 d' B* R: [( _0 `
- _% Y9 h9 C$ D1 ^9 W: h$ R/ bBefore you make a trade, either buying or selling, consider the position of each individual
" L# J" o' \0 b% ]& N: d5 vstock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
$ q$ l: k9 S- a* l* C i- v2 }, m! ^+ p/ tconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place # s/ [3 J' c& j* Z
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
?/ e; Z& F6 m2 H/ mweekly and daily chart show down trend, then it is the time to go short, but again, you must 7 ?9 C, \' E1 t( r8 ?
look for the most important point ... where to place the stop loss order so that it will not be " h" i! n$ W1 \6 r: T
more than 3 points away and closer if possible.
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE
* f& t* ~! S6 q1 V7 j' m# V; k- @2 `7 \Following are the most important points that you must consider before buying or selling a 2 {$ o. w$ Z" q( g% E2 B7 ]) o. O
stock:
1 b/ o& d7 L- l1 I1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general # T# I- x7 r$ B8 h8 y3 P1 q8 A2 e* B
market is up or down.) O# O& b- m% s2 u) m
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.. |6 u5 C0 {8 w }8 Q2 W* @
3. MONTHLY position on TIME PERIODS from tops and bottoms.1 W' R. o8 `! D) s
4. WEEKLY position on TIME PERIODS from tops and bottoms.
. Z8 e" H: q+ l2 v: K* l( z5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 6 y p2 N; q7 z) A9 o/ c
points of support or resistance.3 n [. \) S5 l# w& t r+ V/ W V6 R$ j
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around : y8 [$ s- I0 c! H/ S8 |# Z' @
the same level, determine whether it is about ready to cross tops or break bottoms./ f0 X. e' k) E
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
+ V8 ~1 N! z& v6 n2 R( ~over past few days or weeks.4 q& w# v/ F; h- M
8. Look up SPACE or price movements from previous tops and bottoms and find out the U: s7 @4 h1 O e c- ]
greatest advance or decline for past few weeks or months. Example: If a stock has 4 _8 s5 ]6 a3 x* f# F& S; P
reacted 5 points several times and at the time you look it up, if you find it is 3 points
9 a' o5 G: E! f- C- m( ]' v5 qdown from the last top and the trend is up on monthly, weekly and daily with the price
+ e5 R6 a6 _4 }6 ?, z5 J- X) tnear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock $ @' F# `1 r/ N' {, K& E6 s! f
should break back over 5 points, the previous reaction limit, it would show a change in , m; N5 u, B" B
trend and you should go short of it.
: ^8 e' n; T e+ D8 Y1 |9. Never overlook the fact that you must have a definite indication before making a trade." i# j. a2 W( X
10. Most important of all ... always locate the point at which to place a stop loss order to ; R# Q0 n6 N8 F6 a- `
limit risk.
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PRACTICE TRADING ON PAPER+ y$ S" C7 P/ p$ v6 x8 J6 w+ o. F5 c
After you feel sure that you have mastered all the rules and know exactly how to determine
6 \3 Z( E, R* T- G" L- f8 Y) Mthe trend of a stock and the place to begin trading, then to make yourself doubly sure and
! v: s, o! G$ i, testablish confidence, practice trading on paper and till you thoroughly understand how to use - M% S5 B$ O* A' {% J7 k9 Y
the rules and when to use them. If you make mistakes trading on paper, then you would make
* F& R; S* S6 M! X. Zmistakes at the time in actual trading and you are not ready to begin trading. When you feel ' y- ^8 b/ y2 I) f# S
that you are competent to start trading, apply all of the rules and TRADE ONLY ON
& M5 p6 ?6 `+ _1 M; s. b, Q- \DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price 5 g! d3 ]+ O& v7 j" S7 E
and not sure where to place a stop loss order, then wait until you get a definite indication.
" B- ^. q B4 ]8 }You can always make money by waiting for opportunities. There is no use getting in partly 4 k# u$ c9 }. A- p4 w; F. |# O/ G( |
on guesswork and losing.- f4 D+ N. a$ p4 c. o$ } o' V+ x9 |
& s" z$ g: Q4 ?% a( D. r; ]WHEN TO CLOSE A TRADE4 g) c0 ~8 B( c0 d1 z9 L4 r9 k# E
After you start actual trading, when you make a trade, don't close it or take profits until you
) r- k+ g, T+ }# X7 ]have a definite indication, according to the rules that it is time to sell out or buy in or to move
& V+ s4 ~! [2 M, V5 ?+ w0 V3 G! wup the stop loss order and wait until it is caught. The way to make a success is to always
! _* }" g k* V! g7 L8 zfollow the trend and not get out or close a trade until the trend changes., B* x9 Q. V" }7 a" S" \
# G6 z. l: V2 @9 U! V3 Y! l* R
WHEN TO WAIT AND NOT TRADE
0 j$ d b2 U% F, o x( a5 DIt is just as important to know when not to enter the market as it is to know when to enter it. , Z6 y2 v/ X/ g# Y t- i! p- ^% A
The time not to make a trade is when you find a stock has been holding in a narrow trading 0 A. g. r( H9 Y$ U- \/ Y: r
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
% C, w! D# {3 \7 N; N `previously made or crossed tops previously made. A stock may stay for weeks or months or
) C; q- P; J( g- L$ k* Ueven years in a trading range and will not indicate any big move or change in trend until it
) S, N1 q: t& T i7 T4 D ?& ]crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
( k5 V" j; l8 \& B" f& rnearly always narrow down and hold in a trading range for some time. If a stock is inactive in
1 N9 {2 P* q$ T, Y1 z6 jthis position, it is no time to start trading in it.2 T% B( }; U% U4 m7 v
' h/ q) R! a+ S& L( VFOLLOW ALL RULES2 ^* f6 q3 p k! E
Remember, follow all rules; check and double check; study the major and minor cycles for
3 {' b7 b3 j; m" c4 M# F8 u/ r: Uforecasting; watch closely the Resistance Levels; study the different Formations and bottoms
( b' ^# J( x# Y$ T; U4 uand tops and between bottoms and tops. If you ignore one important point, it may get you in - y, j5 a8 H4 z6 `, F4 n. t. J
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
, I: `( v" P- _- v9 S9 x& ]/ |leave out one of the rules, you will not have a complete forecasting method or trend indicator.6 E/ Z% w& ~2 i- H% T- P
Your success with the method depends upon you doing your part, studying and learning how 8 ~6 ]8 p9 d7 p3 l, V3 n
to apply the rules and not mixing any inside or outside information or reasoning against the
; r: o) {' ~+ ^; Bmathematical indications. No man ever made a success at anything who did not work hard. I
8 @( R; q' S( k' o3 M+ Bhave 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
