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7 H1 F x; E9 N- v+ hHOW TO TRADE
- O4 U, j8 z0 O* M E3 \) gAfter you have thoroughly mastered all of the lessons, be sure you are right before you make
, |: B) t+ f0 m. ba trade. Never guess. Trade on mathematical indications only.' P5 k8 y3 U& q: O
$ H2 Q' C2 ~& J4 |2 N0 U; EWHAT YOU MUST KNOW BEFORE YOU START TRADING- L l$ u' w8 L* Z$ d3 B' n. j( v
You must know exactly how to apply all the rules. You must know where to place a stop loss
/ a5 Y! B5 Z8 |8 I8 Rorder and must look up what cycle the year is in, that is, whether it is a bull or bear year,
# b' h- R( ?) y+ _# f: }- mwhether the main trend should be up or down.
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: g1 I3 i! v' x1 Q, h- b8 PBefore you make a trade, either buying or selling, consider the position of each individual 4 S4 _, S2 y( p& G! L
stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all : B# Z! W; \4 N* b0 ~ x
confirm an uptrend, it is a cinch to buy, provided you have located the point at which to place 7 K0 d1 D M( ^) s0 V2 y
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly,
; @ B7 s* s* Z8 Q4 T# Uweekly and daily chart show down trend, then it is the time to go short, but again, you must 4 N- n/ _" \2 h
look for the most important point ... where to place the stop loss order so that it will not be & I6 z- E3 A& \. \" I# u
more than 3 points away and closer if possible.) t% N+ b. K- O9 F+ c; m/ \. y
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WHAT TO LOOK UP BEFORE YOU MAKE TRADE5 a/ w4 ~, W$ } X7 Q3 w& E% E: B
Following are the most important points that you must consider before buying or selling a 4 {# E4 Y7 o+ f# {) r
stock:
/ y. X: x5 B9 ? @2 T1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
5 e# {- K4 k8 Gmarket is up or down.
! P V/ y$ ?* o4 _( [8 U( J. i& g. _2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
- I ?, `% U0 B! X8 g3. MONTHLY position on TIME PERIODS from tops and bottoms.9 n7 L' G+ G/ h7 F; a5 }
4. WEEKLY position on TIME PERIODS from tops and bottoms.* A( F0 W7 P% i3 y! W0 c0 c
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
$ d0 n: E5 e# T2 Q# Gpoints of support or resistance.
# J1 g% f* I4 I( v+ D8 L& ~6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
* f' e6 K9 w- A N1 _' r4 Wthe same level, determine whether it is about ready to cross tops or break bottoms.
5 [* ` C9 c( c; S- z# J% ~7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
- E0 U& H5 {( z" o: p, ?over past few days or weeks.8 {, f2 F2 C1 w( Z5 i
8. Look up SPACE or price movements from previous tops and bottoms and find out the
# q1 O- ], z! {+ V9 Pgreatest advance or decline for past few weeks or months. Example: If a stock has
6 A- g( ^% E( R& }+ Areacted 5 points several times and at the time you look it up, if you find it is 3 points ( M! z6 {; j, V. \7 i5 m5 D
down from the last top and the trend is up on monthly, weekly and daily with the price + `; a- L2 |, W, r* r' n9 `/ X, j8 h
near a support point, you could buy with a stop loss order 2 to 3 points away. If the stock
. W8 L6 U) i2 Tshould break back over 5 points, the previous reaction limit, it would show a change in 5 o; Z8 ^% S' a3 m8 }
trend and you should go short of it.
2 L" G4 w6 O4 T% ^& a0 Y9 ^9. Never overlook the fact that you must have a definite indication before making a trade.
K- Y8 J- t2 `. d; w5 R. W10. Most important of all ... always locate the point at which to place a stop loss order to 5 O5 y1 D4 O6 @" j
limit risk.
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: E3 g+ v) a- M* z# QPRACTICE TRADING ON PAPER* M/ }8 ~3 U% D5 @8 e9 Z/ q0 S
After you feel sure that you have mastered all the rules and know exactly how to determine " [$ Y. c @1 @" C
the trend of a stock and the place to begin trading, then to make yourself doubly sure and
. q9 g: B3 A6 Eestablish confidence, practice trading on paper and till you thoroughly understand how to use 5 K1 c! T0 I4 p2 S
the rules and when to use them. If you make mistakes trading on paper, then you would make 4 q$ l7 z, I8 O. z3 \2 s
mistakes at the time in actual trading and you are not ready to begin trading. When you feel
! Q" d6 t, `7 L3 _, p- Hthat you are competent to start trading, apply all of the rules and TRADE ONLY ON
3 E5 }" n& N) \# P7 f) x. sDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price ) {- L# J0 m$ m& s! `- E+ y
and not sure where to place a stop loss order, then wait until you get a definite indication. / e9 w5 @9 w& T
You can always make money by waiting for opportunities. There is no use getting in partly ) _4 }. N7 l5 n1 j
on guesswork and losing.+ n5 V% r. r# w
' c8 @ F# g: Y- ~5 uWHEN TO CLOSE A TRADE
# ]* j6 f* r T% B( zAfter you start actual trading, when you make a trade, don't close it or take profits until you ) K {) {1 F' X. u+ e
have a definite indication, according to the rules that it is time to sell out or buy in or to move + n, n/ u e6 z8 i ]- K, Q- f
up the stop loss order and wait until it is caught. The way to make a success is to always
; @* C1 \# E9 ^# gfollow the trend and not get out or close a trade until the trend changes.
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7 G* U' `5 E% w6 q/ S& C" @WHEN TO WAIT AND NOT TRADE
( `2 [5 ?0 C4 R4 v9 E' cIt is just as important to know when not to enter the market as it is to know when to enter it.
- l: H. \0 \* F8 N: }4 \7 ~The time not to make a trade is when you find a stock has been holding in a narrow trading 4 L& m) n! M' N2 k+ f9 D5 M
range for some time, say, a 5-point or a 3-point range, but has not broken under bottoms
/ V% g/ \1 F5 R4 L. [; m, ~4 Kpreviously made or crossed tops previously made. A stock may stay for weeks or months or 9 h. A' ], b* z" f9 ~2 D- e2 G S
even years in a trading range and will not indicate any big move or change in trend until it " [( J; P; B6 ~9 m) ~( N
crosses as a previous top or breaks a previous bottom. After a prolonged decline stocks C4 q/ U7 E& S0 h: }* ^' H
nearly always narrow down and hold in a trading range for some time. If a stock is inactive in 3 ^/ f) \) D4 A3 e) H, G. D
this position, it is no time to start trading in it.
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6 N& I; A8 @, G* O% ]5 aFOLLOW ALL RULES1 ]7 o( F/ g7 M
Remember, follow all rules; check and double check; study the major and minor cycles for ) [% d. X) w# i; j
forecasting; watch closely the Resistance Levels; study the different Formations and bottoms
! H/ X! J; ~ T J: R1 Z L, Uand tops and between bottoms and tops. If you ignore one important point, it may get you in 1 D" v; J5 i& X; {0 Z
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
5 @/ u- a* q: a" Jleave out one of the rules, you will not have a complete forecasting method or trend indicator.
# ?) v) G+ B" C! b) \Your success with the method depends upon you doing your part, studying and learning how 3 y5 m* t2 [" h; ?/ P2 b
to apply the rules and not mixing any inside or outside information or reasoning against the
/ r" X& D7 V; E8 Mmathematical indications. No man ever made a success at anything who did not work hard. I 3 ~, q- ?! j; p* {* R; D$ @
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
