Trend Follower: LR Lalalala 2

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.

Monday, January 10, 2011

LR Lalalala 2

Compare with the chart below, almost the same candles and volume. Yesterdays canldle was smaller then PCOR and shadow longer. Will it do the same thing as PCOR, nobody knows for sure. I just trade and let the market tell me if I am right or wrong. If I am right, I ride, If I am wrong I sell, My patience for losing Positions is short and very patient for winning positions.

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.

Monday, January 10, 2011

LR Lalalala 2

No comments:

Total Pageviews