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; ^3 |3 s. ^8 Y# a! mHOW TO TRADE( x6 U6 [+ F- }& ?! K$ a
After you have thoroughly mastered all of the lessons, be sure you are right before you make
2 a/ X" T( p" n1 X, za trade. Never guess. Trade on mathematical indications only.! r' ~# p; g- ?( L* o- I
& d2 ?6 J9 {, S0 ]WHAT YOU MUST KNOW BEFORE YOU START TRADING4 W1 O3 `/ A; B$ y. v( }! E
You must know exactly how to apply all the rules. You must know where to place a stop loss 0 ~6 f8 _5 ]5 P) A, c
order and must look up what cycle the year is in, that is, whether it is a bull or bear year, 7 z5 M% o; m0 [8 k* p1 j$ q
whether the main trend should be up or down.) `! E5 @. w- n: W
; } m4 T; U5 u5 s
Before you make a trade, either buying or selling, consider the position of each individual ' D' W1 x2 r% v7 E
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all . K' r$ t* V! B& B! l' z- B% P
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place ( V% V2 k5 L$ h) x! Q
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, ( p7 x) I. o2 d1 p& I9 k
weekly and daily chart show down trend, then it is the time to go short, but again, you must
0 V3 A h- s Y, m6 ^3 Slook for the most important point ... where to place the stop loss order so that it will not be : w$ N2 H% I6 a! u$ h" }
more than 3 points away and closer if possible.
! K/ q! ?* T; R. Y$ n6 |. u( p" j( R* Q! o+ t: T
WHAT TO LOOK UP BEFORE YOU MAKE TRADE
1 H3 Z' f( M% G% S5 oFollowing are the most important points that you must consider before buying or selling a
: I4 M9 q. J( S3 ^# Z7 f* ustock:" |+ g" W% F4 r
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
0 [( R3 V; }% B5 f5 Vmarket is up or down.: o! O; g1 ~2 M7 N
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
1 H. M0 G% { E2 N' A3. MONTHLY position on TIME PERIODS from tops and bottoms.
& `% r& S8 g9 ~! a0 X+ R9 ]6 N0 k4. WEEKLY position on TIME PERIODS from tops and bottoms.
$ l' u0 A1 v3 f- d2 P Q( A5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
& s# L* B m! l3 ?* s. lpoints of support or resistance.+ }& v L- e; \; t
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
2 v0 ]/ y P, F, m+ v+ A" |the same level, determine whether it is about ready to cross tops or break bottoms.( }/ x& v. p3 k( L9 O/ r( w
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
$ H0 ~" S0 ]! ?: n5 vover past few days or weeks.
A" g7 I8 w& x8. Look up SPACE or price movements from previous tops and bottoms and find out the / x. `8 ~# s* Y
greatest advance or decline for past few weeks or months. Example: If a stock has * G* f7 O' L m: A' C
reacted 5 points several times and at the time you look it up, if you find it is 3 points
+ F2 ]" O* E: |4 [9 h8 r" s: P; x+ M7 sdown from the last top and the trend is up on monthly, weekly and daily with the price ( T/ d7 J' o- a5 t; v6 }
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
$ o0 k {/ d, L) zshould break back over 5 points, the previous reaction limit, it would show a change in
( l8 |% t# J$ J4 k p% Xtrend and you should go short of it.
2 a) z: k! G0 v6 ^* p1 X1 R5 L9. Never overlook the fact that you must have a definite indication before making a trade.
l& G( y1 z$ o/ o) H% o10. Most important of all ... always locate the point at which to place a stop loss order to 3 i ^+ x% m) g. W$ f& j& P
limit risk.
J$ M3 l, |( o- S: m. }; j( X
7 C3 Z- e# T }PRACTICE TRADING ON PAPER
0 i5 Y9 C2 E. Q ^* y- tAfter you feel sure that you have mastered all the rules and know exactly how to determine # r: p' A- \6 O, F* e/ s
the trend of a stock and the place to begin trading, then to make yourself doubly sure and
4 U# T0 h: ~/ s. ~2 X! Xestablish confidence, practice trading on paper and till you thoroughly understand how to use
; b, K1 ?) A5 w& L. J) Wthe rules and when to use them. If you make mistakes trading on paper, then you would make * h+ P# k$ Q3 M' A
mistakes at the time in actual trading and you are not ready to begin trading. When you feel
% N6 S) k- ?: C2 e- ?that you are competent to start trading, apply all of the rules and TRADE ONLY ON
: R& P9 Q4 S6 M4 Z: n1 `0 CDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
1 e% w8 I, B/ d, Eand not sure where to place a stop loss order, then wait until you get a definite indication.
" M7 x7 f. X9 G9 h2 yYou can always make money by waiting for opportunities. There is no use getting in partly 5 C+ ^% A) F" u
on guesswork and losing.3 ~9 H& q! Y* y$ P1 X/ B9 }1 f& Q
: N. B, O: G' {' s2 x) x1 uWHEN TO CLOSE A TRADE/ d% }3 J! R8 O( ]0 y
After you start actual trading, when you make a trade, don't close it or take profits until you
Q1 f- w9 X) X1 o$ b1 f6 [4 \5 yhave a definite indication, according to the rules that it is time to sell out or buy in or to move
' T8 y; G7 v' k( d. E# nup the stop loss order and wait until it is caught. The way to make a success is to always ) ?. I8 i# i1 Z. m
follow the trend and not get out or close a trade until the trend changes.9 C4 u4 j; v" P$ {; A! G7 H, E0 V
. C: a" N& B! L S3 `
WHEN TO WAIT AND NOT TRADE
! B, E/ n) H4 S" }0 E7 eIt is just as important to know when not to enter the market as it is to know when to enter it.
6 Q( V8 {, {" UThe time not to make a trade is when you find a stock has been holding in a narrow trading
8 ~7 q9 k+ X( o, E- ^/ wrange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
. m& V' V/ [9 _, R+ D- R. @ W; z+ fpreviously made or crossed tops previously made. A stock may stay for weeks or months or / w4 [7 F3 s R5 s
even years in a trading range and will not indicate any big move or change in trend until it
. [1 s6 l2 |# \ C% P5 dcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
. U* O' j- x2 _, a* P/ |nearly always narrow down and hold in a trading range for some time. If a stock is inactive in ' p5 ]% f9 |5 F$ o6 n3 A
this position, it is no time to start trading in it.
; t+ d# a4 j( k- O, I* O" d6 W
' O( `1 J/ p+ WFOLLOW ALL RULES& w0 I# y* N6 R( t3 E# e1 m
Remember, follow all rules; check and double check; study the major and minor cycles for
: E" @" x! ?) g2 _$ g4 vforecasting; watch closely the Resistance Levels; study the different Formations and bottoms
. \) g4 V) ~. F2 ?0 |1 hand tops and between bottoms and tops. If you ignore one important point, it may get you in
$ [2 a. @# h, lwrong. The whole can never exceed all its parts and all the parts make up the whole. If you ' o# Z- P3 L; f& Y4 \1 _' E
leave out one of the rules, you will not have a complete forecasting method or trend indicator." `& ]3 q2 w4 v
Your success with the method depends upon you doing your part, studying and learning how
# a& f* }, U) ]6 A8 |to apply the rules and not mixing any inside or outside information or reasoning against the
! i0 { \" p0 l% k d0 Hmathematical indications. No man ever made a success at anything who did not work hard. I 2 g# r0 C4 l- k! R5 M7 Q5 Y
have 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
