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: D/ K, } }2 s! {- EHOW TO TRADE: X! x% X& C3 P/ M7 m
After you have thoroughly mastered all of the lessons, be sure you are right before you make 0 a. d& I4 M& `
a trade. Never guess. Trade on mathematical indications only.1 E N+ |& C4 H% ~+ V7 _
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WHAT YOU MUST KNOW BEFORE YOU START TRADING) C5 s( K: `1 Q& C0 D Y7 }
You must know exactly how to apply all the rules. You must know where to place a stop loss
6 q7 @4 f( N* H; ^order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
' m5 K2 [! o% {& }* _- w( ywhether the main trend should be up or down.% X- E& X% ^7 E/ X7 F" N S
6 m' v" e7 J# f. P2 @! F
Before you make a trade, either buying or selling, consider the position of each individual + M8 s* b# j3 n
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
9 s5 x& s" z& }& s% Yconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place 9 o2 J6 G8 c2 M& d" V
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, 1 ?+ `) S- v- Q: o+ C- U) t. [
weekly and daily chart show down trend, then it is the time to go short, but again, you must
0 O+ j2 O% ~. l; O( y2 }look for the most important point ... where to place the stop loss order so that it will not be T3 z' Z9 o0 V# p
more than 3 points away and closer if possible.
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE2 Z7 \ X* @8 K& F9 z# e# {5 B
Following are the most important points that you must consider before buying or selling a
( [# S( s: H2 r! W1 Jstock:$ G3 L! F2 L1 R N8 v# x- Z/ U
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
. D. x0 g$ m8 ]6 {/ jmarket is up or down.
& s9 K( B# L7 e1 S; r2 q: r# }2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.5 M9 U7 H( K3 S, v% p/ D5 n
3. MONTHLY position on TIME PERIODS from tops and bottoms.
4 v) H5 J* Z/ i! w ~" }& v4. WEEKLY position on TIME PERIODS from tops and bottoms.
: W, F9 m: n& g [5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other . g" R# u' a# g9 r
points of support or resistance.! D- S7 h% s5 {" b' z* W4 f
6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
, K* e; Q& S) g" r, lthe same level, determine whether it is about ready to cross tops or break bottoms. O P( A5 C) X0 V* X. p: }
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume / I6 c7 [9 t0 |# x% n: |6 j6 |8 L
over past few days or weeks.0 `% K% L6 b$ F' B& }1 `
8. Look up SPACE or price movements from previous tops and bottoms and find out the
# ^- j' a6 s$ k/ c- v$ g7 d! \& kgreatest advance or decline for past few weeks or months. Example: If a stock has 0 H9 _2 s* |- }* m) D$ B
reacted 5 points several times and at the time you look it up, if you find it is 3 points 4 H: y0 r- q$ u
down from the last top and the trend is up on monthly, weekly and daily with the price
: R n9 U' ]' A6 Wnear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
3 }4 B& P) ~7 S" r5 \should break back over 5 points, the previous reaction limit, it would show a change in + M) A7 ~$ O9 X/ u5 U# S) z- B7 Q
trend and you should go short of it.
( C% @/ Q4 _; I( {8 c. X9. Never overlook the fact that you must have a definite indication before making a trade.
$ ~5 B/ c: Z0 u( J% m% W10. Most important of all ... always locate the point at which to place a stop loss order to 5 y0 w3 p: H+ u
limit risk.. u' |8 W( U: J3 F" Q
" D' I' D, x$ Q) _! O ^8 _3 p& `, E CPRACTICE TRADING ON PAPER
, t+ d3 g% t, ?After you feel sure that you have mastered all the rules and know exactly how to determine + D+ r9 a, ?" V9 v5 V7 K
the trend of a stock and the place to begin trading, then to make yourself doubly sure and
& a9 O3 ]' e% _- ?1 c, jestablish confidence, practice trading on paper and till you thoroughly understand how to use z, Q4 @' _ S8 c6 `6 @
the rules and when to use them. If you make mistakes trading on paper, then you would make
/ v$ u g$ S0 v4 R- w/ amistakes at the time in actual trading and you are not ready to begin trading. When you feel * S0 G6 A4 y/ Q, X, I; M' N8 H
that you are competent to start trading, apply all of the rules and TRADE ONLY ON
# k8 n! v: e+ i0 b/ E$ WDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
* h: y* L% S ~- O) ?3 E% @and not sure where to place a stop loss order, then wait until you get a definite indication.
5 V- e2 X/ b1 v3 L6 e {" uYou can always make money by waiting for opportunities. There is no use getting in partly
" C( m2 T' f. ^# K- v% k2 Ton guesswork and losing.6 r. n+ [0 V1 Q4 O& `
# _- }% @5 G/ Z4 }: T, fWHEN TO CLOSE A TRADE# Q! v8 B3 e8 j7 y8 t
After you start actual trading, when you make a trade, don't close it or take profits until you : |' x- h i( Y+ e" Q |1 e$ W4 Q/ d) d! b
have a definite indication, according to the rules that it is time to sell out or buy in or to move
6 J; T* [5 y; H |: r wup the stop loss order and wait until it is caught. The way to make a success is to always 7 I+ [% g, |/ o! Q# Q8 }# n8 N2 ]1 m
follow the trend and not get out or close a trade until the trend changes.
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t6 s7 I0 ^( kWHEN TO WAIT AND NOT TRADE
5 u4 D. Z: U; y: k5 J- KIt is just as important to know when not to enter the market as it is to know when to enter it.
' A: g) `7 K# z* l! X4 o# d( GThe time not to make a trade is when you find a stock has been holding in a narrow trading & _! D) ?$ A! i2 {
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
# k% V# s& e; B9 ]previously made or crossed tops previously made. A stock may stay for weeks or months or " x1 H3 Z# V- W l7 \% \+ j
even years in a trading range and will not indicate any big move or change in trend until it
4 i6 U$ X9 t% |. g9 O: wcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
! D& J, e0 Y) d ~& H: r% n0 Bnearly always narrow down and hold in a trading range for some time. If a stock is inactive in , |# X& `2 `/ u; z8 b/ R m
this position, it is no time to start trading in it.
7 ~6 V: o0 K. a/ c2 D4 H9 e, y' b, q
FOLLOW ALL RULES( f; y% B; e0 Z' E5 A
Remember, follow all rules; check and double check; study the major and minor cycles for - m! h+ s0 T. X. i
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms 5 c" _+ F: N4 q, q/ ^. v' c
and tops and between bottoms and tops. If you ignore one important point, it may get you in 4 B& g8 s: | A; p1 r- }' d9 q
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
' B% _8 w) ?2 v) ?; ^3 @. t$ T4 Lleave out one of the rules, you will not have a complete forecasting method or trend indicator.
* M1 O( v( C1 r% J+ I- uYour success with the method depends upon you doing your part, studying and learning how
) n5 y' b* D8 m3 _to apply the rules and not mixing any inside or outside information or reasoning against the ' G! m% J3 b( O4 x, I' p
mathematical indications. No man ever made a success at anything who did not work hard. I
5 s4 O `5 s4 m: p+ rhave 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
