this email to try and remind you of a few effective trading principles,
any questions, just ask. Buying new highs (judiciously) will put you
in with the trend and does make money over time. Sorting out emotional
concerns is the tough part. This is the same for everyone - no
exceptions seen by me yet.
This is trading, and I don't watch the market at anytime during trading
hours. And if my emotions don't get the better of me, I try to stick to
tried and trusted patterns (cup and handle, triangle) buying all time
new highs, where i can measure a range, and the dates stare out at me.
The hardest part are those damned emotions
avo, as attached
ext as called earlier, copy attached (and a second file here). Good call I thought, but no
profit in that one for me, the Oct down draught swamped the news this
time (rare), and I sell on news.
htw attached
by the way, the US is having its busiest hurricane season since 1933 -
one more hurricane to hit landfall and will match it. Since 72 years...
the bird flu has brought the biotech stocks back into focus after being
way oversold
So along lines as above, you should have noticed already,
atp
tvl (next resistance 28, mid point)
trouble with those are, nice break of accumulation, but there is
enormous overhead resistance on the way back up, tho a break is a break
hwg (highlighted previously)
avx
on the principles of an overbalance in price to the upside,
bno - where a move above 16.5 would be reassuring
mtr, though expect news at the mid point of 19
spl
elx, if the further news is bullish and the stock holds it in the price
okay.
If only longer term trading interests you, do the same thing as above
but hold, and stick just to stocks with a yield, eg bol. A stock going
up has to at some point make new highs...
eg, ocl, all time new highs early August
My over-riding aim is to try and always have my buy stocks always in the
new highs list. If they ain't there, then I ain't performing. And
being 8 hours behind the market, that new highs list always gets me out
of bed in the morning over here...no matter what (well almost)