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6 c, E, k4 \+ @, d' `2 zHOW TO TRADE4 c/ M! l4 p1 @6 ?6 v. f3 g
After you have thoroughly mastered all of the lessons, be sure you are right before you make
8 x: I' t% ^- Fa trade. Never guess. Trade on mathematical indications only.8 O3 Z- a2 J$ y; q. ~$ q
4 F1 a5 O& i6 [! j& x% Q! I+ lWHAT YOU MUST KNOW BEFORE YOU START TRADING, t/ Z' F; z5 _" N9 w
You must know exactly how to apply all the rules. You must know where to place a stop loss % G+ a& P* P* i9 @. y. y% [. j4 I
order and must look up what cycle the year is in, that is, whether it is a bull or bear year,
& O9 I3 ^4 B2 Jwhether the main trend should be up or down.
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Before you make a trade, either buying or selling, consider the position of each individual
! ^: R$ L& d! c2 g$ V# X) ^stock on the monthly chart; next consider the weekly chart and then the daily chart. If they all
' u7 M. y- t( Z- l2 g- L6 W$ r- Xconfirm an uptrend, it is a cinch to buy, provided you have located the point at which to place . x" y! D, {- Q# l8 V# B
a stop loss order. On the other hand, if the cycle shows that it is a bear year and the monthly, * {6 M! E0 n- Z5 W
weekly and daily chart show down trend, then it is the time to go short, but again, you must
. k( Z8 \9 i0 Z7 X7 Z( rlook for the most important point ... where to place the stop loss order so that it will not be
0 e- `; _. G: s4 F: Y' [7 `more than 3 points away and closer if possible.7 C/ S0 V/ L/ R
) q" b% F# p) f/ j/ uWHAT TO LOOK UP BEFORE YOU MAKE TRADE8 M+ {' a9 U- Y
Following are the most important points that you must consider before buying or selling a
4 _8 G9 [1 W& dstock:. n0 g' A& G9 h6 h
1. TIME CYCLE ... whether Bull or Bear year, and whether main trend of the general
# O4 G; A, a$ imarket is up or down.8 _8 w2 L1 v6 E2 j5 L' ]5 K
2. CYCLE OF INDIVIDUAL STOCK … whether up or down year.
) s5 R t2 a0 H, o; K2 I3. MONTHLY position on TIME PERIODS from tops and bottoms.- z, n5 y N8 O) e4 X' b
4. WEEKLY position on TIME PERIODS from tops and bottoms.* @: _' P+ O; I3 ~) ~9 [+ o
5. RESISTANCE LEVELS ... see whether the stock is near any half-way point or other
( F% P5 T' ~# \! q+ w! `7 g+ A3 F3 Jpoints of support or resistance.
: E' p6 p, a6 w6 L6. Study all FORMATIONS. If a stock has held for several days, weeks or months around
" f+ k$ \. H2 k0 e+ bthe same level, determine whether it is about ready to cross tops or break bottoms.
7 b* H# \! N, L0 t7. Look up VOLUME OF SALES. See whether a stock has increased or decreased Volume
$ l: `: H/ d& D( V) c8 Eover past few days or weeks.
) S% x X4 F, H5 k# T% {8. Look up SPACE or price movements from previous tops and bottoms and find out the
. o- v1 r& m5 r Q1 M& q" Ugreatest advance or decline for past few weeks or months. Example: If a stock has
* v" r2 V3 R% x- Kreacted 5 points several times and at the time you look it up, if you find it is 3 points
4 r- `0 O Q) a4 o9 ]down from the last top and the trend is up on monthly, weekly and daily with the price
2 s) O# B* R( x2 f( q0 s! Vnear a support point, you could buy with a stop loss order 2 to 3 points away. If the stock % J. ]: l+ \8 `1 M' Z; l# Y9 ]( }
should break back over 5 points, the previous reaction limit, it would show a change in 4 K. _+ P- m* j8 y$ l# X
trend and you should go short of it.
5 |) h, v" K9 V* |: I( W9. Never overlook the fact that you must have a definite indication before making a trade.& f4 a7 M# w& `- S, q
10. Most important of all ... always locate the point at which to place a stop loss order to
1 s8 f' [; Y6 }limit risk.
* A5 m6 Z/ U; t& f) P8 ?/ y- N3 z
PRACTICE TRADING ON PAPER
+ H; ^; @3 E: [* S+ R( e2 }. TAfter you feel sure that you have mastered all the rules and know exactly how to determine
8 E1 B0 I- ^! N. ?, Fthe trend of a stock and the place to begin trading, then to make yourself doubly sure and D1 i1 i1 |8 c: J& ?/ \
establish confidence, practice trading on paper and till you thoroughly understand how to use
) D; F$ S9 j8 X" J# K3 G J: athe rules and when to use them. If you make mistakes trading on paper, then you would make
' a% ^' P6 B! |2 I9 u4 [( ?mistakes at the time in actual trading and you are not ready to begin trading. When you feel , d% ]0 U6 E% `/ m9 h }
that you are competent to start trading, apply all of the rules and TRADE ONLY ON
( r5 k' A- q; X0 _$ rDEFINITE INDICATIONS. If you are not sure of the trend or the buying and selling price
1 v X& Y( {* K! gand not sure where to place a stop loss order, then wait until you get a definite indication. 0 m. }4 V& U8 I ?) B" B2 M- w
You can always make money by waiting for opportunities. There is no use getting in partly $ H) P7 y, Y+ E6 d
on guesswork and losing.7 D# J" ]3 [. |( T' X6 a; h
, C4 [# l& q, S* z, Q3 d+ nWHEN TO CLOSE A TRADE( s- z! L4 @% p- }+ w
After you start actual trading, when you make a trade, don't close it or take profits until you * h( l$ M) q& O! ^5 r3 R
have a definite indication, according to the rules that it is time to sell out or buy in or to move ' S1 o% n& N$ B4 h
up the stop loss order and wait until it is caught. The way to make a success is to always
! P. b) P6 R+ e. S5 b, Zfollow the trend and not get out or close a trade until the trend changes.
" {5 j9 K) g' ]$ d6 F# b z2 g [
; [" ?$ [: O! F; F5 \" dWHEN TO WAIT AND NOT TRADE0 i4 H) a2 U. h+ x7 C" {& w; \! Y% k
It is just as important to know when not to enter the market as it is to know when to enter it. ! o/ f- h9 D& R0 \8 U9 x
The time not to make a trade is when you find a stock has been holding in a narrow trading
# r1 ^6 V7 f6 w) i X0 prange for some time, say, a 5-point or a 3-point range, but has not broken under bottoms 4 r3 U9 s) B$ {2 W) Q
previously made or crossed tops previously made. A stock may stay for weeks or months or
; f6 Q2 I9 z; X; c$ [, veven years in a trading range and will not indicate any big move or change in trend until it
4 ~6 u' y% Y {) R. dcrosses as a previous top or breaks a previous bottom. After a prolonged decline stocks
6 {. c0 I9 ~' F [nearly always narrow down and hold in a trading range for some time. If a stock is inactive in
. f4 j+ }, }, I- Q) lthis position, it is no time to start trading in it.
& f8 G A- t3 j7 u
3 ?5 E9 Z+ u& @; \, G, e9 sFOLLOW ALL RULES( ~+ G. I; c+ i- I2 O* ]* |) k8 y5 x
Remember, follow all rules; check and double check; study the major and minor cycles for
! N, y5 T0 i+ F/ d" h. |7 G5 [# F; y7 yforecasting; watch closely the Resistance Levels; study the different Formations and bottoms
$ N5 m. Q8 O1 m9 @* j' Sand tops and between bottoms and tops. If you ignore one important point, it may get you in 7 N3 N& [1 V% W
wrong. The whole can never exceed all its parts and all the parts make up the whole. If you
! U/ f$ w* T# e& C) R; m+ T* Jleave out one of the rules, you will not have a complete forecasting method or trend indicator.2 G' A0 s& ]% d/ E
Your success with the method depends upon you doing your part, studying and learning how
6 l8 y5 c3 z5 m; G, @" `% mto apply the rules and not mixing any inside or outside information or reasoning against the . C; }, U/ R/ C/ L+ u9 V8 r
mathematical indications. No man ever made a success at anything who did not work hard. I
: R1 O, _( u, _8 }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
