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Srivest

Wow -- if you expect to make a profit in your 1st year , you are in for a dose of reality - you will find its not the plan you have to sort out but yourself - wonderfull learning oppurtinity this trading , to drag out your short comings!

But to answer your question
first off KISS
Trade ONE stock only at a time --- after a while you will get to Know it, feel it everyday movements ahead of time -- you sort of become one with it --- if you have to many stocks in a open position or on watchlist you will not be able to do this !

Thought the 3 plans Wilson oullined where not a bad start -- he carries on further in "the next step"

But all i have done over the past 10years is keep a small watch list of Medium Cap stocks in a consolidation phase --- which do not have a great amount of previouse highs (to much resistance if they go up) -- have a far amount of daily vol (don,t get caught when you want to sell)
Wilson goes into detail in points i am outling

1: check your watch list DAILY
2: Check OBV -- is accumilation starting -- if so seperate this stock/s into another watch list
3: We know use the 2nd watch list
4: Look out for patterns ( triangles etc) -- increasing Vol
5: NOW comes the important bit --- If a stock starts to breakout(on Vol) --use Count Back Lines Before a Entery -- this will also give you your S/T stop
4: If it continues UP -- beaware of the points that S/T traders have set
5: If it continues to rise past these points then you probably have a new trend in place -- GMMAs now take over -- adjust your STOP on C/B & ATR
6: Generally there will be a S/T "pull-back" before the trend gets underway--
cleared out the S/T traders
7: Now just hitch a ride on the stock (adj Stop ) -- watch daily as this stock
hits important points eg: 21ma , trend lines, ADX , price compression ---
go back -what happened before ?

8: Whilst this is going on keep following your watchlists ,so as to begin to understand these stocks --- when the position you have is safely underway --bring in another one

Get a copy of the bible Edwards - " The Technical Anaysis of Stock Treads "
7 th Edit --- no plans -- Just T/A @ ITS BEST

But none of the above is of any use unless you apply stops & money managment !

Guppy's Trend Trading gives a detailed Plan (monthly Trade) -- allthough Shares mag is not around , the same principal applies with Mags,newspapers etc

Cheers

<blockquote data-quote="coyotte" data-source="post: 53900" data-attributes="member: 3649">SrivestWow -- if you expect to make a profit in your 1st year , you are in for a dose of reality&nbsp; - you will find its not the plan you have to sort out but yourself&nbsp; - wonderfull learning oppurtinity this trading , to drag out your short comings! But to answer your questionfirst off KISSTrade ONE stock only at a time --- after a while you will get to Know it, feel it everyday movements ahead of time -- you sort of become one with it --- if you have to many stocks in a open position or on watchlist you will not be able to do this !Thought the 3 plans Wilson oullined where not a bad start -- he carries on further in &quot;the next step&quot;But all i have done over the past 10years is keep a small watch list of Medium Cap stocks in a&nbsp; consolidation phase --- which do not have a great amount of previouse highs&nbsp; (to much resistance if they go up) -- have a far amount of daily vol (don,t get caught when you want to sell)Wilson goes into detail in points i am outling1: check your watch list DAILY2: Check OBV -- is accumilation starting -- if so seperate this stock/s into&nbsp; &nbsp; another watch list3:&nbsp; We know use the 2nd watch list4:&nbsp; Look out for patterns ( triangles etc) -- increasing Vol5: NOW comes the important bit --- If a stock starts to breakout(on Vol) --use Count Back Lines Before a Entery -- this will also give you your S/T stop4: If it continues UP -- beaware of the points that S/T&nbsp; traders have set 5: If it continues to rise&nbsp; past these points then you probably have a new trend in place -- GMMAs now take over -- adjust your STOP&nbsp; on C/B &amp; ATR6: Generally there will be a S/T &quot;pull-back&quot; before the trend gets underway--&nbsp; &nbsp; cleared out the S/T traders 7: Now just hitch a ride on the stock (adj Stop ) -- watch daily as this stock&nbsp; &nbsp; &nbsp; &nbsp; hits important points eg: 21ma , trend lines, ADX , price compression ---&nbsp; &nbsp;&nbsp; go back -what happened before ?8: Whilst this is going on keep following your watchlists ,so as to begin to understand these stocks --- when the position you have is safely underway --bring in another oneGet a copy of the bible&nbsp; Edwards - &quot; The Technical Anaysis of Stock Treads &quot;&nbsp;7 th Edit&nbsp; --- no plans -- Just T/A @ ITS BESTBut none of the above is of any use unless you apply stops &amp; money managment !&nbsp;&nbsp; Guppy&#039;s Trend Trading gives a detailed Plan (monthly Trade) -- allthough Shares mag is not around , the same principal applies with Mags,newspapers etcCheers</blockquote>

[QUOTE="coyotte, post: 53900, member: 3649"] Srivest Wow -- if you expect to make a profit in your 1st year , you are in for a dose of reality - you will find its not the plan you have to sort out but yourself - wonderfull learning oppurtinity this trading , to drag out your short comings! But to answer your question first off KISS Trade ONE stock only at a time --- after a while you will get to Know it, feel it everyday movements ahead of time -- you sort of become one with it --- if you have to many stocks in a open position or on watchlist you will not be able to do this ! Thought the 3 plans Wilson oullined where not a bad start -- he carries on further in "the next step" But all i have done over the past 10years is keep a small watch list of Medium Cap stocks in a consolidation phase --- which do not have a great amount of previouse highs (to much resistance if they go up) -- have a far amount of daily vol (don,t get caught when you want to sell) Wilson goes into detail in points i am outling 1: check your watch list DAILY 2: Check OBV -- is accumilation starting -- if so seperate this stock/s into another watch list 3: We know use the 2nd watch list 4: Look out for patterns ( triangles etc) -- increasing Vol 5: NOW comes the important bit --- If a stock starts to breakout(on Vol) --use Count Back Lines Before a Entery -- this will also give you your S/T stop 4: If it continues UP -- beaware of the points that S/T traders have set 5: If it continues to rise past these points then you probably have a new trend in place -- GMMAs now take over -- adjust your STOP on C/B & ATR 6: Generally there will be a S/T "pull-back" before the trend gets underway-- cleared out the S/T traders 7: Now just hitch a ride on the stock (adj Stop ) -- watch daily as this stock hits important points eg: 21ma , trend lines, ADX , price compression --- go back -what happened before ? 8: Whilst this is going on keep following your watchlists ,so as to begin to understand these stocks --- when the position you have is safely underway --bring in another one Get a copy of the bible Edwards - " The Technical Anaysis of Stock Treads " 7 th Edit --- no plans -- Just T/A @ ITS BEST But none of the above is of any use unless you apply stops & money managment ! Guppy's Trend Trading gives a detailed Plan (monthly Trade) -- allthough Shares mag is not around , the same principal applies with Mags,newspapers etc Cheers [/QUOTE]

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