Started by Vernon Dunn
Date 6 14 04
I would like to start this link for traders that wish to post comments on stocks and indexs with a chart attached to explain there message.
Posting without a chart is discouraged except for replys. There are other places here to post without a chart.
The idea is for chartist to share there skills and hopefully learn from others by watching thier methods and prefered way of looking at a chart.
It is my personal opinion that if a trader was to trade the same amount on every trade [lets say $1000] and if he used a stop of average around 7% the most he could loose would be $70. And if he made 10 trades all of $1000 his total investment would be $10000 and with the average 7% stop he could only loose $700. But lets say he had one winner that was up 65% and the 1000 investment was now worth $1650 and all the other 9 were losers. The loosing total would be 9x70 equal $630 loss on the nine loosers and the one winner was up 650. total from the 10 trades is a profit of $20. 650-630=20 Thats on one winner and nine loosers. low risk entry is what I believe to be the way to success in winning in the stockmarket.
view my site on the public charts list on stockcharts.com where I give my views of the market with daily update for day traders and swingtraders stockcharts.com |
