30th Sept.
After reviewing price action, it is amazing to see among the active stocks, the fastest to rebound was PX, base on Sept. 26 Lows, 16% up and also gave a GREEN Signal today.
It has been awhile since I saw a GREEN signal. The last time I saw a GREEN signal prior to the crash was August 23 from LCB and that was the top and BHI Aug 31.
Next fastest to rebound was from the banking sector and all SM stocks, 8 to 14% up.
First time in many weeks foreign buying is up.
Is it the end of the bear run??? who knows, just sell if you are losing and hold if you are gaining, do not forget to sell 50% of your position if you have substantial gain to protect profits.
This is the best thing if you have rules to follow. You will increase your profits and have ammunition for the next big thing.
There is no room for HOPE in trading. Happy Trading.
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.
Friday, September 30, 2011
Thursday, September 29, 2011
Price Action and Suspension of Trading
During the Market crashed, only one stock showed a GREEN Signal and that was IP.
Unfortunately it was suspended again.
I am not really sure if Majority share holders love their stocks to be price cheap.
DGTL was flying 2.0 and poised to make a larger move, then suddenly was suspended. and was consolidating around 1.50 area tying up investors money for a long time. Now it is down as much as 15%. More prison time fundamentalist.
In my opinion, if it was not suspended, just maybe, the price would be somewhere 2.0 area during the crash.
Same with BHI, was suspended and it was poised to made a huge rally in the closing, now it is down 30%. If it was not suspended, maybe it is around .50. Now it is just .30.
They think they can manipulate the price. I am not really sure why they love to suspend stocks with good news.
Example of Money Management
If you distribute money this way, if you lose, it would be less than 2% of your capital.
If your batting average is 3 out of 10, if you follow your stop loss, you will still be up.
I believed this is similar to the turtle trading system money management and Market Wizard Vic Sperandeo.
Actual example.
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