Trend Follower: Bears VS Bulls 8

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Wednesday, August 3, 2011

Bears VS Bulls 8

DJIA from March 2009 Low to present.

One thing nice about this sell off, it lessens the selling pressure to create new highs. It just " Pops".

One thing nice about Phisix and Blue chips, it just shed 2 to 3% during this sell off's and just patiently creeping up.

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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.

Wednesday, August 3, 2011

Bears VS Bulls 8

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