Trend Follower: Danger Signals 2

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Tuesday, January 18, 2011

Danger Signals 2

Another sample of danger signals. Intra day Down about 12% with high volume.

"You have had patience to stay with the stock all during its natural progress. Now have the courage and good sense to honor the danger signal and step aside.

I do not say that these danger signals are always correct, as stated before, no rules applying to stock fluctuations are 100% right. But if you pay attention to them consistently, in the long run you will profit immensely." Livermore

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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, January 18, 2011

Danger Signals 2

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