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‘‘Repeatedly,i have sold a stock while it was still rising and that has been one reason why i have held on to my fortune. many a time ,i might have made a good deal more by holding a stock , but i would also have been caught in the fall when the price of the stock collapsed’’-BERNARD BARUCH
WE HAD NICE PULLBACK EARLLIER LAST AND THE INDICES ENDED THE WEEK UP ON GOOD VOLUME.WE MAY STILL HAVE UPMOVEMENT POTENTIAL BECAUSE WE EXPECT THE MOVE AFTER FLAG WILL BE EAQUAL TO THE FLAGPOLE.
NASDAQ
S&P500
I USUALLY SELL LAGGING STOCKS AND ADD TO THE BEST MOVERS (LEADERS)
HERE ARE LIST OF STOCKS WHICH I HAVE BOUGHT OR I’M LOOKING TO BUY ONTO THIS WEEK.
MY STOCK PERFORMANCE RATING IS A+,A,B AND C WITH A+- BEING THE TOP AND C-BEING NORMAL
RATING; B . I STILL HAVE SMALL POSITION ON THIS .WE NEED HUGE VOLUME
RATING: A .REDUCED MY POSITION LASTWEEK,WILL RIDE THE REST
RATING:A . I REDUCED MY POSITION ON THIS,WE NEED VOLUME ON UP DAYS.
RATING: A .I BOUGHT BACK MY ORIGINAL POSITION AFTER REDUCING IT LASTWEEK
RATING: A .I HAVE FULL POSITION ON THIS ,ITS STILL IN BUYING RANGE
RATING: B . BAD PRICE ACTION LASTWEEK,WONT TOUCH IT
RATING: A . I DONT HAVE POSITION ON THIS BUT THE STOCK IS ACTING WELL PLUS GOOD FUNDAMENTALS
RATING:A I STILL HAVE POSITION ON THIS AND THE STOCK IS EXTENDED
RATING: B . I DONT HAVE A POSITION AND THE STOCK IS EXTENED
RATING : A .I LOOKING TO BUY THIS STOCK AS IT HAS FORMED NICE DOUBLE BOTTOM
RATING : B I SOLD MY WHOLE POSITION ON THIS ,DOWN ON VOLUME
RATING: A . I HAVE POSITION ON THIS THE STOCK IS EXTENDED
TML FIVE TRADING RULES
1. Buy the stock as it break above base or trendline on above average volume
2. Sell -4% to 7% from buy point,intra-day
3. Take gains 20-30% above buying point
4. Use trailing stoploss to protect your gains
5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis
THANK YOU FOR YOUR TIME
NB;ALL GRAPH/CHART IS FROM MARKETSMITH APP WHICH IS IBD TRADEMARK. You can join here : https://bit.ly/3nRmIzu
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