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/ y# a8 ?0 `! p# r) n( QHOW TO TRADE
* ?3 ?5 e2 a6 o/ GAfter you have thoroughly mastered all of the lessons, be sure you are right before you make 8 p. E4 H0 C% W
a trade. Never guess. Trade on mathematical indications only.
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' z. K y, u. }5 _, a3 _; R- Q. JWHAT YOU MUST KNOW BEFORE YOU START TRADING
: ^6 k# C- h; _ F" l) O% xYou must know exactly how to apply all the rules. You must know where to place a stop loss : s' N' P ]& `" `5 K
order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
: b$ Z! T1 ~' R) o! xwhether the main trend should be up or down.
P1 c- A- W& U- m! C& e
+ ]) x, U+ z' r9 lBefore you make a trade, either buying or selling, consider the position of each individual + x# w+ j/ |4 B- B7 ~4 ~
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
) M+ q, Z- u+ f% h6 uconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place
. L, ]' z5 K' B* _" Pa stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
- H9 h& u( j9 ]- K' Qweekly and daily chart show down trend, then it is the time to go short, but again, you must
; } n( e8 m. A/ Ulook for the most important point ... where to place the stop loss order so that it will not be 3 S1 r: Z! U+ U e$ f0 A
more than 3 points away and closer if possible.
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE! N- \, k+ u P0 g/ P3 c3 ]
Following are the most important points that you must consider before buying or selling a
7 f) M* _' I* g" ?stock:
9 h: Z: a1 U2 w7 t8 z7 o1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
( t; i/ O$ ]( S I# Fmarket is up or down.) A$ \& D$ a! @7 |
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.9 \. b2 R2 v w
3. MONTHLY position on TIME PERIODS from tops and bottoms.* S/ p# t9 P5 e7 p
4. WEEKLY position on TIME PERIODS from tops and bottoms.5 `) g/ S3 |) Z, S
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other 7 p( `/ E# `& t3 }* g+ Q! {
points of support or resistance.
/ y8 U4 M. Q, g) S7 f6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
! R. s5 z, ]. r( p8 Pthe same level, determine whether it is about ready to cross tops or break bottoms.6 L; b$ {; U& Q* V
7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
# Y& n# } |1 x! K( kover past few days or weeks.
' k/ a7 s5 o( H8. Look up SPACE or price movements from previous tops and bottoms and find out the
( B, D! ^+ I1 _+ `) Ugreatest advance or decline for past few weeks or months. Example: If a stock has
6 n, E$ ^5 Q1 G4 Nreacted 5 points several times and at the time you look it up, if you find it is 3 points 7 k4 j1 w$ J2 K/ J6 Q' c# }) i; O
down from the last top and the trend is up on monthly, weekly and daily with the price
( j) A$ i7 r( ?/ C/ n$ fnear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
0 n1 |* m! s! r- m( |4 S1 N: pshould break back over 5 points, the previous reaction limit, it would show a change in / a+ H6 D) O4 s4 q, }% f
trend and you should go short of it.
: {6 z: X2 y+ e! |6 A* e+ }9. Never overlook the fact that you must have a definite indication before making a trade.* a8 _5 Z p X! B7 P) z6 @
10. Most important of all ... always locate the point at which to place a stop loss order to
; ?+ f4 _6 [1 S |! xlimit risk.1 G, ~) Z2 t6 T6 v( q; ^3 }' G. W& {3 i
; Q( X6 `6 @. S& B# L, b( WPRACTICE TRADING ON PAPER
; Q+ v( L7 D) m4 E: T1 S# iAfter you feel sure that you have mastered all the rules and know exactly how to determine
! s7 B6 U9 |0 m9 Tthe trend of a stock and the place to begin trading, then to make yourself doubly sure and + z/ x% _, J# z* Q
establish confidence, practice trading on paper and till you thoroughly understand how to use 4 o6 I$ T1 V- ]9 N
the rules and when to use them. If you make mistakes trading on paper, then you would make 4 R% F' h+ U% }' f; h
mistakes at the time in actual trading and you are not ready to begin trading. When you feel
7 h- M: F2 \( h( k7 m8 tthat you are competent to start trading, apply all of the rules and TRADE ONLY ON
- T$ i7 P8 h: q8 |6 @* n* J9 rDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price 4 w) T5 t$ Y: C" l' ]
and not sure where to place a stop loss order, then wait until you get a definite indication.
3 O! A' p- B/ f' }( tYou can always make money by waiting for opportunities. There is no use getting in partly
+ k! p. `8 `. ^/ T- H/ won guesswork and losing., M' A: C% w4 `: ?2 O" x
, m! R, b5 i$ }; ^8 XWHEN TO CLOSE A TRADE
* z7 t; L, _/ G, C2 H7 D) lAfter you start actual trading, when you make a trade, don't close it or take profits until you
% {" {8 o9 B: ?8 a+ khave a definite indication, according to the rules that it is time to sell out or buy in or to move 7 f& j# C; |% U" Z. ~
up the stop loss order and wait until it is caught. The way to make a success is to always , s% r' u9 v/ W. b
follow the trend and not get out or close a trade until the trend changes.
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WHEN TO WAIT AND NOT TRADE3 l) x' w% N$ N0 r! z
It is just as important to know when not to enter the market as it is to know when to enter it. 0 v3 Z6 W; F( C0 Y5 u Q
The time not to make a trade is when you find a stock has been holding in a narrow trading
6 l# y0 `% v9 Irange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
- j. @. i& F+ b& ?previously made or crossed tops previously made. A stock may stay for weeks or months or
/ u ^# G7 @8 b! t. Jeven years in a trading range and will not indicate any big move or change in trend until it
3 A4 \2 \: p% x v) qcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
4 ]* z' u) C0 Y! o: e- p/ m1 lnearly always narrow down and hold in a trading range for some time. If a stock is inactive in
$ E! S# p4 h2 y- `this position, it is no time to start trading in it.3 M7 S4 @& V( |/ D9 K: }
: v8 s3 _' @0 m. X& p- bFOLLOW ALL RULES
4 @* d* ~9 U9 [+ YRemember, follow all rules; check and double check; study the major and minor cycles for F; a( h$ K7 T/ o
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms : @$ ^7 L9 ?" y" X6 Q* m- m/ J/ I
and tops and between bottoms and tops. If you ignore one important point, it may get you in ; f; i4 R8 s+ r- U
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
2 o$ \3 X: C; D& h, X" dleave out one of the rules, you will not have a complete forecasting method or trend indicator.( H i) T% [5 D
Your success with the method depends upon you doing your part, studying and learning how
6 t, _, W9 y, |to apply the rules and not mixing any inside or outside information or reasoning against the
5 \* |+ I1 H9 Q' h0 `mathematical indications. No man ever made a success at anything who did not work hard. I ) P9 t- h5 }: _& k2 L) F8 M4 k0 s
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
