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.
I am going to give a lecture at John A. Logan college on April 15 at 1:30 auditorium room c138 at John A. Logan College in Carterville Illinois. The subject will be Seasons of the Markets where I will be talking about the 4 year cycles and how it breaks down into yearly cycles. How to lay out time cycles and thier personalitys. I will go over many charts and have audience particapation and questions, and bust a few charts at the end. The public is welcome and If you are in the Southern Illinois area plan to attend and Be sure to shake hands and say Hi.
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 |
