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# z! K0 d) q _HOW TO TRADE# _+ _: F. u( j% U
After you have thoroughly mastered all of the lessons, be sure you are right before you make
7 i( f, N1 c8 p% v( fa trade. Never guess. Trade on mathematical indications only.$ a( ]3 ^" U$ p4 m. O. w& z( P" L
& D9 Y! T( J3 JWHAT YOU MUST KNOW BEFORE YOU START TRADING
$ p, ?+ M s, _/ O' c% P3 e( CYou must know exactly how to apply all the rules. You must know where to place a stop loss
8 I! w. o; V$ L4 B# m# }. S7 t2 qorder and must look up what cycle the year is in, that is, whether it is a bull or bear year, $ U3 d$ `! F" _; {: O. l0 r! s' q" H
whether the main trend should be up or down.
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3 w7 T3 L4 i3 s! u4 q1 HBefore you make a trade, either buying or selling, consider the position of each individual - ], d- _* |' y, v6 \" S
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all 5 c, z) d% x4 {2 N3 f5 h
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
# t* D6 s/ a5 t5 `. G0 U! Fa stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, 0 |- L2 O1 [/ q( f( s$ E, d3 T
weekly and daily chart show down trend, then it is the time to go short, but again, you must 4 V$ n- x* I5 a* g# C
look for the most important point ... where to place the stop loss order so that it will not be
. g+ R0 x" f; b# bmore than 3 points away and closer if possible.
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/ p* l+ z. c2 D- U2 i/ j' @WHAT TO LOOK UP BEFORE YOU MAKE TRADE
& g, _# n; b' x- l- O) q( eFollowing are the most important points that you must consider before buying or selling a ; n3 T z6 ~( I2 m
stock:
% u/ d9 M1 m% d+ h7 L: j1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general 0 ], q' B/ r/ g) O1 X3 E5 f( [
market is up or down.! n2 t" \# d5 g0 C& x
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.& N: y, |+ |, I8 \ Z* k( V* k; s( {8 O. C
3. MONTHLY position on TIME PERIODS from tops and bottoms.6 ^: m2 w8 G! |6 p4 o& j
4. WEEKLY position on TIME PERIODS from tops and bottoms.& R! R O0 V& U3 X R- H, i5 k7 z+ }
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 2 L& i2 m$ @; `1 A4 U0 ]/ z
points of support or resistance.
/ @$ e4 W& _* u5 z- q6. Study all FORMATIONS. If a stock has held for several days, weeks or months around # V& F' r- i- h' D) D& d
the same level, determine whether it is about ready to cross tops or break bottoms.
$ U/ ?- L: H: g' t! b/ e; j2 {7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume " f! P7 |; u1 F; J3 B: F9 |
over past few days or weeks.
2 W% e' o0 p" }9 e* {: B9 V! M9 B8. Look up SPACE or price movements from previous tops and bottoms and find out the
3 R. h7 X- L- wgreatest advance or decline for past few weeks or months. Example: If a stock has
3 y* K) s. r2 Q/ q: b ~reacted 5 points several times and at the time you look it up, if you find it is 3 points + l4 X) Z: l E- b3 T! n) v6 Z
down from the last top and the trend is up on monthly, weekly and daily with the price & b* Q p; W8 ]* J+ F1 C
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock $ A8 |, Q; }/ B! w4 T
should break back over 5 points, the previous reaction limit, it would show a change in / Q# Z. }7 P ^5 ? v
trend and you should go short of it.
J x8 P' x2 F6 ]4 B5 Y9. Never overlook the fact that you must have a definite indication before making a trade.8 s" z' L( k) K1 O
10. Most important of all ... always locate the point at which to place a stop loss order to 6 O& q5 a. T* D8 l8 Y: Z# J V
limit risk.* ]! F# M. D+ N4 I+ ^
" J% n$ K9 a! X. r0 b! A7 sPRACTICE TRADING ON PAPER% F, N/ |9 f; V4 r/ q0 u( I3 e
After you feel sure that you have mastered all the rules and know exactly how to determine
8 j8 w g% v, V: y# S* B; ^the trend of a stock and the place to begin trading, then to make yourself doubly sure and 4 p v5 I; J( m* R6 W4 z
establish confidence, practice trading on paper and till you thoroughly understand how to use ; S: U3 c) C, f/ w# j4 x7 {
the rules and when to use them. If you make mistakes trading on paper, then you would make
( C# g+ m7 V) w$ S- I2 k# f+ M3 Tmistakes at the time in actual trading and you are not ready to begin trading. When you feel 8 S0 C3 s- Q; |1 n9 g' ~1 l
that you are competent to start trading, apply all of the rules and TRADE ONLY ON
0 a" K: Y# a. ]5 _. `DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
% ~' F$ v: b r2 Q# v' U& {* {5 zand not sure where to place a stop loss order, then wait until you get a definite indication.
3 q8 Z& G' O; ~. T, [2 a/ dYou can always make money by waiting for opportunities. There is no use getting in partly % o: w" T4 g2 G0 _
on guesswork and losing.* V: J4 T- B e+ t, n$ U
e, u, M7 y$ ~. i' B4 q1 tWHEN TO CLOSE A TRADE
5 A2 o; C" x; c6 JAfter you start actual trading, when you make a trade, don't close it or take profits until you 0 s8 \( t: F7 K, v
have a definite indication, according to the rules that it is time to sell out or buy in or to move 4 i* g* ~6 I. d
up the stop loss order and wait until it is caught. The way to make a success is to always
/ X0 I, P) ~3 Q) Lfollow the trend and not get out or close a trade until the trend changes.
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WHEN TO WAIT AND NOT TRADE
% X' T/ j9 R7 aIt is just as important to know when not to enter the market as it is to know when to enter it. , O: H" D+ H! Y9 D/ }8 }
The time not to make a trade is when you find a stock has been holding in a narrow trading # W3 C" l: a" t, A+ G& @
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms 0 y& _3 P9 ?- e% l2 U( {
previously made or crossed tops previously made. A stock may stay for weeks or months or
+ n C2 D; a" u. t( I! K0 Seven years in a trading range and will not indicate any big move or change in trend until it , v% p# f% V( w: P. I, V9 x+ U$ y, b
crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks 8 w6 B6 P* H9 E0 g$ Y
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in . l! B" h4 R- G4 } }
this position, it is no time to start trading in it.
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0 l2 {& I) H$ c# v( IFOLLOW ALL RULES+ i9 J& a# p6 o, V/ d6 o
Remember, follow all rules; check and double check; study the major and minor cycles for & `8 H1 C. L3 J! E7 ?# a
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
4 J6 C# i3 H9 g# q; K( qand tops and between bottoms and tops. If you ignore one important point, it may get you in 4 d' [4 |! B9 F# `
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you / k8 D* h1 E% f% m9 Y \
leave out one of the rules, you will not have a complete forecasting method or trend indicator.' t2 D0 ^. J2 U4 |
Your success with the method depends upon you doing your part, studying and learning how
# a/ ^2 D# N/ A" Wto apply the rules and not mixing any inside or outside information or reasoning against the 6 W q; m/ ^: ~4 z9 _7 Q5 {: W
mathematical indications. No man ever made a success at anything who did not work hard. I 0 V: W0 L( M p3 O! s" u5 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
