Trend Follower: Zoom

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Tuesday, August 23, 2011

Zoom

DJIA just zoom, its been a long time since we have witness this.

P6 tape reading is readable. Blue chips stocks like TEL, BPI, EDC and MER made more than 3% gain, which is significant for a blue chips. But the most significant was AEV at 5%.

Lots of foreign buying in our mining stocks.

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Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Tuesday, August 23, 2011

Zoom

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