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A Thread on "Trading with the TREND"
☆ No matter how GOOD a company looks FUNDAMENTALLY, certain TECHNICAL STANDARDS must be met for it to qualify as a Buy candidate.
1/10
☆ No matter how GOOD a company looks FUNDAMENTALLY, certain TECHNICAL STANDARDS must be met for it to qualify as a Buy candidate.
1/10
☆ When I am screening for super-performance stocks, my INITIAL FILTER is rooted in strict qualifying criteria that are based purely on a stock's TECHNICAL ACTION.
2/10
2/10
☆ What I found through my study of the biggest price performers was that virtually every super- performance stock made its big gain while in stage 2 of its price cycle.
3/10
3/10
☆ My goal is NOT to buy at the LOWEST or CHEAPEST price but at the "RIGHT" price, just as the stock is ready to move significantly higher.
☆ "Trying to pick a bottom is unnecessary and a waste of time".
4/10
☆ "Trying to pick a bottom is unnecessary and a waste of time".
4/10
☆ A proper stage 2 will show SIGNIFICANT VOLUME as the stock is in strong demand on big Up Days and Up Weeks, and volume will be relatively LIGHT during PULLBACKS.
5/10
5/10
☆ Most amateurs would think the stock is TOO HIGH and WISH they had bought it when it was lower, using hindsight as a guide. That's most amateur don't make big money in stocks.
6/10
6/10
☆ The overall direction of the trend is Upward, but within it there are PULSES or WAVES of movements.
☆ The short-term pauses allow the stock to digest its previous run-up so that it can move even higher as it emerges from a constructive consolidation period.
7/10
☆ The short-term pauses allow the stock to digest its previous run-up so that it can move even higher as it emerges from a constructive consolidation period.
7/10
☆ Within an overall long-term Uptrend there will be short or intermediate-term price action that consist of pullbacks & basing. During these basing periods, the stock will basically go sideways for a while, as if it's catching its breath before making the next push higher.
8/10
8/10
☆ I never place much faith in my fundamental ideas about a particular company without confirmation from the market, namely, the price of the stock.
☆ To compound your capital rapidly, you must be WHERE THE ACTION IS.
9/10
☆ To compound your capital rapidly, you must be WHERE THE ACTION IS.
9/10
☆ The GOAL is not to buy at the CHEAPEST price but to sell your stocks for SIGNIFICANT MORE THAN the price you paid in the SHORTEST period. That's how super-performance is achieved.
End..
Happy Trading and Investing!!
End..
Happy Trading and Investing!!
