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4 l W9 i8 M4 LHOW TO TRADE1 y y: L/ D' ~9 O/ N% g& M$ h: Z z
After you have thoroughly mastered all of the lessons, be sure you are right before you make
+ o Y/ c8 J. B+ J! ^, H F7 Q7 m6 _a trade. Never guess. Trade on mathematical indications only.* U1 t+ ?& r* t% _
$ g2 a1 h1 z( {3 t4 h9 G5 D; [
WHAT YOU MUST KNOW BEFORE YOU START TRADING
. F y' x7 R8 e+ A) i* V1 X3 kYou must know exactly how to apply all the rules. You must know where to place a stop loss
5 ^7 E$ _5 r' X+ v" p9 Z, Yorder and must look up what cycle the year is in, that is, whether it is a bull or bear year,
# e/ C, B0 l+ S) @! \whether the main trend should be up or down.: U6 G5 t& y' W8 W( ^4 o- h
: F2 Z J+ Y; @2 ~& y' n4 J
Before you make a trade, either buying or selling, consider the position of each individual
0 E; R4 h6 Z& z# ^4 {stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
# [, z! {1 t6 ^' `" pconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
& u! P \2 a: }" @a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, & s7 ?! B/ o5 \1 M5 P% A% B; j5 v
weekly and daily chart show down trend, then it is the time to go short, but again, you must 3 i) \4 L/ @7 R* ~! Z5 O
look for the most important point ... where to place the stop loss order so that it will not be ! G: L( y$ L! m1 a ?
more than 3 points away and closer if possible.
: G: I6 u. P) G$ \8 I+ c$ j' a1 {
3 q% z+ l2 [2 i& q# tWHAT TO LOOK UP BEFORE YOU MAKE TRADE
( f. x; s# D+ b1 d2 P3 |Following are the most important points that you must consider before buying or selling a
D* S! b; D4 m" m0 u2 {stock:
8 X: U; z0 ^) ?0 @* x- _( r3 [1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general * e; L; q' ~7 s7 E8 t4 B
market is up or down.% D* p* V) P2 c1 @
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
! k7 b t; i ]# }3. MONTHLY position on TIME PERIODS from tops and bottoms.
& r6 D' d& ~2 m# K5 n5 i4. WEEKLY position on TIME PERIODS from tops and bottoms.
* t, g3 [/ I2 l2 v0 x9 i5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
& I! k) n8 o9 v' |/ `points of support or resistance.2 P8 V5 [7 J8 q' q' j
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around 4 Q. J4 ^' D0 u$ Q6 |( O
the same level, determine whether it is about ready to cross tops or break bottoms.
% ^4 N4 |) n9 S5 a. N2 L7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume ; D6 c+ U7 E; X$ G
over past few days or weeks.5 }+ T: ?' r2 H3 h/ Q% c, u
8. Look up SPACE or price movements from previous tops and bottoms and find out the
] j& _; p9 W7 }: @5 r# Lgreatest advance or decline for past few weeks or months. Example: If a stock has
- D' O! m6 [: K5 l/ {: j8 freacted 5 points several times and at the time you look it up, if you find it is 3 points
( M) n( \7 s! s+ Pdown from the last top and the trend is up on monthly, weekly and daily with the price - R3 ~( q; u3 o# a
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock 7 T, z4 D( t6 s# a2 L# W
should break back over 5 points, the previous reaction limit, it would show a change in
$ Q$ z+ I2 f% w6 Y; ~/ O: Dtrend and you should go short of it.6 U$ {. }* V" x! e1 p
9. Never overlook the fact that you must have a definite indication before making a trade.
& _: \" B& q& a" W' P% j10. Most important of all ... always locate the point at which to place a stop loss order to
* z) T: u1 n* ]* |+ V: I4 c6 Qlimit risk.
# ~6 f, z# c; Z
9 R4 K1 Q, n0 X, h5 R/ bPRACTICE TRADING ON PAPER/ d; D1 V5 G, E7 Z4 a3 y0 l
After you feel sure that you have mastered all the rules and know exactly how to determine ! M. c& x/ H( S( _0 E" z4 d
the trend of a stock and the place to begin trading, then to make yourself doubly sure and # z) B! B% _* H# Y- ?: J9 c
establish confidence, practice trading on paper and till you thoroughly understand how to use
% r6 L5 f# T5 h" U5 N7 G2 Ethe rules and when to use them. If you make mistakes trading on paper, then you would make
; ~, y, H# y+ ?; E8 }' Qmistakes at the time in actual trading and you are not ready to begin trading. When you feel
7 K2 E7 Y; v, ^) F, H W p; ]that you are competent to start trading, apply all of the rules and TRADE ONLY ON 9 C' e0 w4 X) \$ U+ B2 z0 Q `
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price : v. U2 E) Y! [# Y) m* ?; ?7 q& F
and not sure where to place a stop loss order, then wait until you get a definite indication. ; d. C+ D$ h- h: i
You can always make money by waiting for opportunities. There is no use getting in partly
# l, X {' U4 d2 v; _% Ion guesswork and losing.( i* W$ Z' N) k
' F8 X5 s( O# ?9 R; B* ]* P# g
WHEN TO CLOSE A TRADE# r# a+ F( l& W6 E: f7 _' Q1 s# Z
After you start actual trading, when you make a trade, don't close it or take profits until you 5 }4 d! B( b% ]5 S
have a definite indication, according to the rules that it is time to sell out or buy in or to move
1 D2 a! F: ~% Zup the stop loss order and wait until it is caught. The way to make a success is to always
$ F% b X! x% j. ]# Y2 ffollow the trend and not get out or close a trade until the trend changes.+ f/ \ x' {; y6 s
: y' K$ [2 b7 h9 n( D2 j0 v# LWHEN TO WAIT AND NOT TRADE
+ u/ K0 p' w1 p0 z6 NIt is just as important to know when not to enter the market as it is to know when to enter it. : {0 }3 j" o5 ?' \) M& G
The time not to make a trade is when you find a stock has been holding in a narrow trading ' u5 A; X% s" g+ x2 ^. K8 S
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
6 N Y: a' i$ x& F+ X4 tpreviously made or crossed tops previously made. A stock may stay for weeks or months or
8 E. b8 s; i% M x8 ceven years in a trading range and will not indicate any big move or change in trend until it
$ `1 o$ ~) n+ D+ T; k3 \/ C0 jcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks A; b' y7 L$ o+ y0 f* j
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in
% ?. p' F R8 H7 ]+ J, Dthis position, it is no time to start trading in it.
6 j) a4 S l+ W9 k* ?7 k# T6 S5 P7 S4 L ?: P. ?5 W: {
FOLLOW ALL RULES
3 R+ F/ v* w& y: E2 o6 {4 b$ TRemember, follow all rules; check and double check; study the major and minor cycles for V2 t0 F* x% N# K5 F d) k
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
- u8 A! |/ c( b! v4 F7 g7 Wand tops and between bottoms and tops. If you ignore one important point, it may get you in # V3 h7 ~- @3 Q0 f7 {
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
0 d. N0 j6 J h! o1 ^. J2 F# S8 \leave out one of the rules, you will not have a complete forecasting method or trend indicator./ C2 g7 V; l7 d- J$ _, B1 ~$ N
Your success with the method depends upon you doing your part, studying and learning how 4 ?# Q! u# E& l: E, b) y, ]
to apply the rules and not mixing any inside or outside information or reasoning against the
; Q8 z: {. H, umathematical indications. No man ever made a success at anything who did not work hard. I
" q$ ?; Y0 G& P o, ?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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