DISCLAIMERS - The charts presented in this blog site is strictly for educational purposes and to keep track of my own analysis over the times. - They do not constitute investment advice in any manner whatsoever or have any regard to the specific investment objectives, financial situation or individual needs of any particular persons receiving them. -Please consult your personal financial planner for investment advice.
Saturday, October 17, 2020
Friday, October 16, 2020
Thursday, October 15, 2020
Simple Cutloss Strategy System
There are a few ways to cut loss or trail the profits as the price heads higher.
1) Using the cutloss lines as shown on the diagram, pink (short term), black line (mid term).
Cut loss is triggered once the price bar turns red and falls below the pink line
(price bar does not touch the pink line, it is away from the pink line)
2) Using what is shown on the chart above, moving the cutloss base on the following strategy
a) Initial buy, cutloss below this entry bar or previous bar pivot level.
b) Once away from inital entry position, move the cut loss to the next level as
shown above.
That's it...
The objective is that if you are wrong on initial purchase, you are cut out immediately
without major injury so that you still can pick up and run again.
Once price is moving away from entry level, look for breakeven point so that if the stock
retreats, you are out breakeven with no harm.
Once the price moves away from breakeven point, start to move the cutloss level higher
along the way up as shown on the chart.
This is my own cutloss strategy, it's work well for me..
Happy Profitable Trading 2020!
Monday, October 5, 2020
Trade to Win strategy - #4
Friday, October 2, 2020
Simple Trading System
Thursday, October 1, 2020
Trade to Win Strategy - #3