You do not need to trade multiple stocks at a time.
You will just need to have a basket of 3 to 5 stocks.
If the overall market is bullish and trending up, choose 3 to 5 stocks and watch them like a hawk.
If the overall market is bearish and trending down, choose 3 to 5 and what them like a hawk.
Initial buy should be on smaller lot size to test if you are right on the stock's direction.
For example if you intend to trade over 10 lots. Initial buy will be 20%, subsequently you
can continue with 20% or more and depending on your risk profile.
Step 0) Scan the market for bullish and bearish stock.
Step1) Your initial entry will be 2lots, if you are wrong within the week, you can cut loss
without too much pain and move on to another stock. Cut loss when red price bar falls
below the two MAs and cutloss lines.
Step 2) Once the stock price trades away from your entry level about 10%, move your cutloss
level to the breakeven point where if you decide to sell, you will not lose any capital.
Step 3) Next as the stock starts to trade higher, look out for opportunity to add more lots into
the up trending stock. Continue to add lots base on my sharing.
Step 4) When price is high above no man's land, sell 50% holding lot size and let the price
comes back
to the base channel low again, continue to add more lots when opportunity arises.
Step 5) Sell all when you see the following indication such as "end of up market",
"climatic top", "trap upmove", "supply overcomes demand", "no demand"
and "supply coming in".
Step 6) Take all the profits and move on to the next stock, repeat Step 0 to 6 again
and again until trading becomes a routine, boring and just pure execution of clicks.
Where to get the cut loss line? download Cutloss line.
