Trend Follower: It Pays to Learn How Jockeys Work

Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.

Wednesday, December 1, 2010

It Pays to Learn How Jockeys Work

Price failed to advanced, dumping by fundies and public given the last gasp of the bull run. It does not work 100% but it pays to pay attention to price action against volume.

" I may try to push prices through yesterday's high to generate excitement and boost the trading volume. The increased volume will make it a lot easier for me to dump my position." Monroe Trout Market Wizard

No comments:

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.

Wednesday, December 1, 2010

It Pays to Learn How Jockeys Work

No comments:

Total Pageviews