marchusyoshua
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After beeing a neewbee fore som while no - i see that one of the frustrating thing is not finding some spesific approach to strat to develop by your own.
This could bee you start, but remeber you need to find a style that is yours... And bee careful out there. This is a marked where the shark lives. Be a sientist when you study a marked (dont buy on head and shoulder formateion before some can prove to you that it actually work, dont buy expensice softeware, dont buy books just because they have a high read rating - listen to the old timers in this forum, and other forums(not dose that want to sell you anything) You can become a millionare, but it wont happen tomorrow, this will bee one of the hardes jorneys that you will have, and you will never stop studying. But belive mee - dont think this is quick and easy money...
Since the fundamental criteria in this strategy is simple - set it up at msnmoney.com - and you will get a lit of stock that fit..
Then come the hard part the technical approach - i had som problems finding the cuo with a handle that he tells about in his book - so here is my strategy finding the right one in those 10-20 stock you get in that list - and hope fore feed back to add to this list
1 buy stock thats trending the last year - and confirm that the tredn keeps on going the last 3 months
2 - (im not impressed buy RSI) but i dont buy stock that is overbought by 80
3 - I dont buy all time high stock (according to tomas bulkowski its better to buy stock that hits a all time high on the secoudn try)
4 - the risk reward tells mee (and the eldre screen) buy the stock when it has dipped - you dont whant to chase stock
5- I belive the most important factors is price and volume - so after securing the trend - let altso the volum bee positiv etc: OBV over 75
6 - stay away from micro cap ore stocks with volume under 100.000
7 - In the list i would pick from the trend the stock with the higest veolicity (according to Bulkowski - the volisity should bee in the same pase when the stock keeps going)
8 - last remeber that dont trade at the opening, dont trade markde ordres - dont overtrade - start with small amount in the beginning. A lot of us out there lost a lot of money before wee ever gained anything. Be careful you dont whant to bee a millinare tomorrow but maybee in some years
9 - take altso this into considiration the stock price is driven by 30% overall marked 12% industry 30 Other factores and 30 % the stock in itself
Im happy if there is any other feed back on this to the technical approach for newwbees
This could bee you start, but remeber you need to find a style that is yours... And bee careful out there. This is a marked where the shark lives. Be a sientist when you study a marked (dont buy on head and shoulder formateion before some can prove to you that it actually work, dont buy expensice softeware, dont buy books just because they have a high read rating - listen to the old timers in this forum, and other forums(not dose that want to sell you anything) You can become a millionare, but it wont happen tomorrow, this will bee one of the hardes jorneys that you will have, and you will never stop studying. But belive mee - dont think this is quick and easy money...
Since the fundamental criteria in this strategy is simple - set it up at msnmoney.com - and you will get a lit of stock that fit..
Then come the hard part the technical approach - i had som problems finding the cuo with a handle that he tells about in his book - so here is my strategy finding the right one in those 10-20 stock you get in that list - and hope fore feed back to add to this list
1 buy stock thats trending the last year - and confirm that the tredn keeps on going the last 3 months
2 - (im not impressed buy RSI) but i dont buy stock that is overbought by 80
3 - I dont buy all time high stock (according to tomas bulkowski its better to buy stock that hits a all time high on the secoudn try)
4 - the risk reward tells mee (and the eldre screen) buy the stock when it has dipped - you dont whant to chase stock
5- I belive the most important factors is price and volume - so after securing the trend - let altso the volum bee positiv etc: OBV over 75
6 - stay away from micro cap ore stocks with volume under 100.000
7 - In the list i would pick from the trend the stock with the higest veolicity (according to Bulkowski - the volisity should bee in the same pase when the stock keeps going)
8 - last remeber that dont trade at the opening, dont trade markde ordres - dont overtrade - start with small amount in the beginning. A lot of us out there lost a lot of money before wee ever gained anything. Be careful you dont whant to bee a millinare tomorrow but maybee in some years
9 - take altso this into considiration the stock price is driven by 30% overall marked 12% industry 30 Other factores and 30 % the stock in itself
Im happy if there is any other feed back on this to the technical approach for newwbees
