Order Placement – Be precise and get it right. If you are developing a portfolio you need to strike a balance between putting all your eggs in one basket and over-diversifying.ĩ. Money Management – Never plunge and never over-diversify. Most people who buy a stock are only focused on the potential profits, however, the first thought needs to be “How much am I prepared to risk in an effort to see whether I am right?!”Ĩ. Risk management is critical to trading success. Risk Management – Assess how much you need to risk on each trade. Market depth can be the key to perfecting the timing of purchasing a stock.ħ. These platforms give every investor access to market depth. Fine Tuning Your Entry – One of the great benefits of the internet has been the introduction of various trading platforms. OBV gives me a very good idea of whether the buyers or the sellers are in control of the stock.Ħ. Confirmation Signals – My main confirmation signal is a computer indicator called on-balance-volume. My buy signals are predominantly based on technical analysis, that is, studying the chart.ĥ.
Entry Signals – You must have a clear reason or “buy signal” on a stock before making an investment into any company.
XTR PROTRADER SIGNALS SOFTWARE
This software quickly scans all stocks on a particular exchange searching for stocks that are giving various buy signals.Ĥ. Finding a Stock – How do you find “the right” stock? I use the ProTrader end-of-day software tool that has been part of the ongoing development process since 1998. The Set-up – What price action on a chart are you looking for? Get to recognize how a chart should look, long before you buy a stock.ģ. “I will not purchase an airline stock.”Ģ. Global Rules – These are the rules you need before entering the market. Get the book that shows you the 12 step process to a profitable trade on the Stock Market.ġ. Background – Trading is a twelve step process.
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