Finest Stock Picking Service for Profit
Step One -- Identifying Potential High AMEX stocks priced between $1 and $10, with volume at least 30 times greater than average for the time of day, trading at 30,000 volume minimum, and priced at least 4% higher than the closing price of the previous day. In addition, we have a secondary, redundant scan searching for stocks up a minimum of 6 percent for the day, with all the stock picking service.
As the stocks have been alarmed we first Confirm they are liquid enough to cover stock picking service.
Stock Picking Service:
Red Flag Review at Stock Picking Service:
1) Is There a considerable price resistance degree (s) overhead depending on the weekly or daily graph?
2) Are There any abrupt price crashes at the nearby past that could mean former buyers holding through those crashes will seem to market for a opportunity to break-even?
3) Is Up the gap from the prior day large enough that current holders will be scrambling to sell to take profits?
4) Where would be the medium to long term Straightforward If they are above the current cost, they may serve as areas of strong selling.
Green Flag Review at Stock Picking Service:
1) Is There a considerable level of buying support immediately under the present price level based on the weekly or daily graph?
2) Is The cost action during the last 3 to 12 months in a tight range with light volume?
3) Is The current price at or about to be in a new long term high?
4) Is The present price breaking above long to medium term easy moving averages?
Step Three -- Entering the Purchase:
After qualifying a potential setup we Determine our trade size by a mental calculation or utilizing the'trade size' excel instrument. We then prepare a One-Triggers-All entry order.
The Purchase order we enter is a 'Stop-Limit' purchase, with the stop price set at $0.01 higher than the maximum price of the first 15 Minutes, and the Limit purchase price set at a couple cents greater than the cost.
The supermarket purchase (our Stop-loss / Reduction limit order) part of the One-Triggers-All entrance is defined as a"Stop on Quote" order. The Stop price is set, with your discretion, somewhere just below a round number and/or the pullback low of the opening range. If struck, the order becomes a market sell order to leave the trade for a small loss.
Step Four -- Handling the Order & Taking Gains:
You have identified amounts of potential Resistance through your red/green qualifying inspection of this installation. Your immediate consideration, if your entry order has executed, is to determine if the purchase price is fast rising to this amount of likely resistance; if so, consider profits at this level or move your stop up only under this degree to secure your profits and eliminate the danger of loss.
Monitor the trade Utilizing a 5 minute chart. As fresh Highs are set and pullbacks happen, kindly move your stop loss order up below these new highs and pullbacks to remove risk and lock in profits. Always be cautious of the resistance levels you've identified and behave accordingly.
Analyze the volume/price action Mix and hope what the volume and candles are revealing to you in regards to the likely movement of the price.
Measure 5 -- Post Trade Analysis:
Keep a trade journal of every transaction You input, and conduct"post-game investigation", like you are watching game tapes. Consistently assessing your commerce performance is the perfect approach to improve.
The weekly & daily chart for your commerce, and a screen shot of a full day's 5 minute chart on your trade. Note your entry price, your original stop degree, any subsequent moves in the stop, and your exit cost.
Examine the stock picking service and Weekly graph, how did your red/green flag review hold up?
What'd you get right?
Will shake us out of this transaction and abandon us missing a massive motion. At times it will happen and it is inescapable, other times it happens because we read the cost action incorrect, or we didn't locate appropriate resistance levels, etc..
Maintain a detailed trade journal and Focus on constant improvement. Assess and improve, repeat.
As the stocks have been alarmed we first Confirm they are liquid enough to cover stock picking service.
Stock Picking Service:
Red Flag Review at Stock Picking Service:
1) Is There a considerable price resistance degree (s) overhead depending on the weekly or daily graph?
2) Are There any abrupt price crashes at the nearby past that could mean former buyers holding through those crashes will seem to market for a opportunity to break-even?
3) Is Up the gap from the prior day large enough that current holders will be scrambling to sell to take profits?
4) Where would be the medium to long term Straightforward If they are above the current cost, they may serve as areas of strong selling.
Green Flag Review at Stock Picking Service:
1) Is There a considerable level of buying support immediately under the present price level based on the weekly or daily graph?
2) Is The cost action during the last 3 to 12 months in a tight range with light volume?
3) Is The current price at or about to be in a new long term high?
4) Is The present price breaking above long to medium term easy moving averages?
Step Three -- Entering the Purchase:
After qualifying a potential setup we Determine our trade size by a mental calculation or utilizing the'trade size' excel instrument. We then prepare a One-Triggers-All entry order.
The Purchase order we enter is a 'Stop-Limit' purchase, with the stop price set at $0.01 higher than the maximum price of the first 15 Minutes, and the Limit purchase price set at a couple cents greater than the cost.
The supermarket purchase (our Stop-loss / Reduction limit order) part of the One-Triggers-All entrance is defined as a"Stop on Quote" order. The Stop price is set, with your discretion, somewhere just below a round number and/or the pullback low of the opening range. If struck, the order becomes a market sell order to leave the trade for a small loss.
Step Four -- Handling the Order & Taking Gains:
You have identified amounts of potential Resistance through your red/green qualifying inspection of this installation. Your immediate consideration, if your entry order has executed, is to determine if the purchase price is fast rising to this amount of likely resistance; if so, consider profits at this level or move your stop up only under this degree to secure your profits and eliminate the danger of loss.
Monitor the trade Utilizing a 5 minute chart. As fresh Highs are set and pullbacks happen, kindly move your stop loss order up below these new highs and pullbacks to remove risk and lock in profits. Always be cautious of the resistance levels you've identified and behave accordingly.
Analyze the volume/price action Mix and hope what the volume and candles are revealing to you in regards to the likely movement of the price.
Measure 5 -- Post Trade Analysis:
Keep a trade journal of every transaction You input, and conduct"post-game investigation", like you are watching game tapes. Consistently assessing your commerce performance is the perfect approach to improve.
The weekly & daily chart for your commerce, and a screen shot of a full day's 5 minute chart on your trade. Note your entry price, your original stop degree, any subsequent moves in the stop, and your exit cost.
Examine the stock picking service and Weekly graph, how did your red/green flag review hold up?
What'd you get right?
Will shake us out of this transaction and abandon us missing a massive motion. At times it will happen and it is inescapable, other times it happens because we read the cost action incorrect, or we didn't locate appropriate resistance levels, etc..
Maintain a detailed trade journal and Focus on constant improvement. Assess and improve, repeat.
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