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HOW TO TRADE
; _ r6 C) j FAfter you have thoroughly mastered all of the lessons, be sure you are right before you make
( n* B3 U; R1 }2 T0 ^a trade. Never guess. Trade on mathematical indications only.
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WHAT YOU MUST KNOW BEFORE YOU START TRADING: L8 o) @% j& A% B7 i3 t Y
You must know exactly how to apply all the rules. You must know where to place a stop loss % U+ h) t, [; u) ?% j
order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
& T; m' i5 C( ?% ?0 O. h5 W' b/ kwhether the main trend should be up or down.$ J8 r* j( z3 G9 K! M% t: X
/ S$ I# ? U8 s/ [Before you make a trade, either buying or selling, consider the position of each individual ; o, F* E; g6 i" F0 ?* z/ y# S
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
; s/ c' ^$ r* n& e' ]confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place ; @2 P+ m0 B! _8 i) t. f$ l. \
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
4 C5 g: }) F& M+ Iweekly and daily chart show down trend, then it is the time to go short, but again, you must 8 O# d. ^; R$ B7 X, _
look for the most important point ... where to place the stop loss order so that it will not be ; ^' D. D1 s& N% N5 k8 i3 ]$ g1 \
more than 3 points away and closer if possible.. x0 \3 q- y$ I6 x6 y3 B3 v
2 u) v: ]+ U; z8 | e9 nWHAT TO LOOK UP BEFORE YOU MAKE TRADE; i$ z% p4 k( u6 o Z- l+ m' Z
Following are the most important points that you must consider before buying or selling a 7 `% A# {( ~$ n, T% {
stock:7 ^. N% K7 T* H0 b
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general 0 T" Z3 f5 B# H0 d' K/ t& ]
market is up or down.
9 v' B4 J& C: u. L; @0 `2. CYCLE OF INDIVIDUAL STOCK … whether up or down year. T& K9 L2 S/ Y- m
3. MONTHLY position on TIME PERIODS from tops and bottoms.) X0 c& W' B7 [% j0 O2 W4 m
4. WEEKLY position on TIME PERIODS from tops and bottoms.# R* ^2 U6 j/ S6 A* f2 _
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
3 Z2 F8 |; t/ z, Y# T4 {points of support or resistance.8 B, F Y: S, Q0 n% R
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around 1 \0 K7 a# k T3 e. ]
the same level, determine whether it is about ready to cross tops or break bottoms.
5 G! ]6 `0 w' B" B2 m5 ]3 D7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
1 z- m% q" ?& [) `; lover past few days or weeks.7 k$ b, P9 A2 S+ y, b! P
8. Look up SPACE or price movements from previous tops and bottoms and find out the . ^, u$ `/ \- q+ S, q( p
greatest advance or decline for past few weeks or months. Example: If a stock has
/ I) [' X! V1 |6 n: m/ ^9 z6 \$ areacted 5 points several times and at the time you look it up, if you find it is 3 points
0 g# w" I: M: pdown from the last top and the trend is up on monthly, weekly and daily with the price 7 c( {6 Z4 J: ]2 I
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock + l) m6 v- ~: ]
should break back over 5 points, the previous reaction limit, it would show a change in ' x. M2 u6 O! X$ K
trend and you should go short of it.
6 z3 t- ~3 {' s. f7 ^% _9. Never overlook the fact that you must have a definite indication before making a trade.
/ t' s( H) k! c2 u10. Most important of all ... always locate the point at which to place a stop loss order to 1 v8 x7 g I6 L
limit risk.5 y- g/ m- ^, `' j" @# T
9 u: y1 A* R) V/ l$ g! N K8 LPRACTICE TRADING ON PAPER* n7 S' g9 Y$ X. C }+ b
After you feel sure that you have mastered all the rules and know exactly how to determine " t+ d! x. C1 m6 v4 U, w# F
the trend of a stock and the place to begin trading, then to make yourself doubly sure and 1 a! C4 ~! q+ \% c2 e7 ~
establish confidence, practice trading on paper and till you thoroughly understand how to use
6 a1 E! k$ f) ~# O; }9 z+ rthe rules and when to use them. If you make mistakes trading on paper, then you would make
9 h: _. _/ F: {3 m& g9 t! {$ umistakes at the time in actual trading and you are not ready to begin trading. When you feel
) e3 a7 j, I: n. F% g9 L, Tthat you are competent to start trading, apply all of the rules and TRADE ONLY ON 5 `, j$ D4 l( U0 p
DEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
# R$ w/ T: K+ x7 I: c4 }and not sure where to place a stop loss order, then wait until you get a definite indication.
2 F: s6 M) ^6 i& NYou can always make money by waiting for opportunities. There is no use getting in partly
# G! H, Q! `9 Von guesswork and losing.
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! s' O- t- z) e4 k. sWHEN TO CLOSE A TRADE
4 U* j& I6 f% ZAfter you start actual trading, when you make a trade, don't close it or take profits until you
4 G( X. I+ y/ d+ J/ g5 W1 ?have a definite indication, according to the rules that it is time to sell out or buy in or to move 2 o n0 T4 M8 \: @9 S
up the stop loss order and wait until it is caught. The way to make a success is to always
& T4 u4 g# b0 O/ w- Mfollow the trend and not get out or close a trade until the trend changes.) V: x. E3 s T
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WHEN TO WAIT AND NOT TRADE" v& ?: i' Y" I5 ^; W
It is just as important to know when not to enter the market as it is to know when to enter it.
; o/ y; ^, v% _1 tThe time not to make a trade is when you find a stock has been holding in a narrow trading
% m1 Q$ I r0 {, j! }( o, ]8 Vrange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
8 Q- ]. K/ x% _/ R. Xpreviously made or crossed tops previously made. A stock may stay for weeks or months or
2 u K4 ^, U/ H8 M0 U' |& reven years in a trading range and will not indicate any big move or change in trend until it
- m( H" }1 w. e0 Y8 x/ T+ y$ icrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
' i+ m( W4 O/ _$ `' z8 Z0 b% v5 v4 xnearly always narrow down and hold in a trading range for some time. If a stock is inactive in
7 L5 C: o! i; r1 R- f9 [1 ~this position, it is no time to start trading in it.
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FOLLOW ALL RULES8 u C( ` p) H8 R) E! [
Remember, follow all rules; check and double check; study the major and minor cycles for . M- g* M$ l6 G, [
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
3 K% u5 E9 w, |* S' {: iand tops and between bottoms and tops. If you ignore one important point, it may get you in 2 _$ Z% a1 w' C4 l
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
) O* Y3 J( H- F. B# Qleave out one of the rules, you will not have a complete forecasting method or trend indicator.
9 J) E; h# }6 Y5 L( B# N& vYour success with the method depends upon you doing your part, studying and learning how
1 Z3 N- H' [ O6 H& V" w- nto apply the rules and not mixing any inside or outside information or reasoning against the
6 Q$ v% g, c+ j4 z1 S1 Fmathematical indications. No man ever made a success at anything who did not work hard. I
4 |# P: D3 z$ O" F$ V4 b' _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
