For all beginners |
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| You can not find my system in any books |
| Do not put all the eggs in one basket |
For beginners:
1. Limit to only one trade a day
2. "Buy at Support Up Pattern" after Pullback
3. Start out with stochastics hits low and up, both for the stock and
Nasdaq
4. Must wait to see price has 2 green candlesticks clearly above
10MA.
5 How low the stochastic is depending on how much its price
pullback - stays above 10MA, crossing below 10MA, or way below
10MA?
or
6. "Buy at Bottom Up Pattern": stochastic must hits to extremely
oversold (it may stays low for sometime or hits low for couple times)
7. At the time of entry, Nasdaq must be above 10MA
8. Study the Buy at support pattern charts below
If you do not find this basic pattern, do not trade
Understand Nasdaq to determine why no trade for the day