Stock Tip Central

You will succeed if you follow these few steps.
Following these steps will reduce the trading stress.
And will enhance your performance.

• Look for a Stock or ETF that is traded in a canal form for at least 6 months, One good example is (AMTD) TD Ameritrade. Trading for a year now prices 16 to 20 dollar. Most prices are 17 to 19 dollar “A GOOD SWING”.
• Support and resistance are measured by the volume over the price. Each time the stock reaches to the low of 17 dollars, A large amount of stock is bought by the crowds. And there is a reading of large volume. Each time it reaches to the highs of 19 dollars, It looses its steam and the crowds find the price as unattractive, the readings are shrinking volume.
• First step is to wait for the stock to reach for the one side of the canal.
• Then, zoom in the time interval. It means until now you monitored a daily chart, now its the time to follow the half an hour chart.
• By the time it reaches to the alleged prices, you will encounter a large mass of buyers at the low and or a large mass of sellers at the higher prices.

The volume must be more then six times then the average volume in the last two weeks.

Trade tactics:

1. When you see the volume elevation, enter the trade.
2. Put stop loss limit to the extreme prices a bit above 20 in the higher side, or a bit below the 16 price.
3. Now all you have to do is fasten your sit belts and let it ride to its destination.
4. The time your start to gain profit put a stop at the break even price.
5. If the gains are at your side, then your first trail stop is at the 50% of the profit. By the time it reaches close to the other side of the canal Tighten your stop.
   Just follow the rules, and built your craft step by step.

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