AI
Thursday, June 02, 2011 12:23:31 AM
TRADING TIPS - GET IN?? GET OUT???
Hey all! Hope you're having a great week post holiday. Summer can slow down a little bit, and making smart rational decisions to generate profits here is more important than ever.
By now, you all pretty much know how I make money here. And how many of you have learned to. Without my PROVEN method for trading, I would not have had the liquid cash I threw into HIDE on a whim last week. It proved to me a great decision, and because it was generated from profits, the risk was easier to stomach. Stick to the system and YOU WILL GROW YOUR PROFITS FASTER THAN ANY GREEN TEAM LONG in the land of iHub.
I wanted to share with you a tool I use that helps me make snap decisions without watching LEVEL 2 and Charts all day everyday before I swing a stock. Many of you have probably seen it, but mostly pay attention to the BUY or SELL flags. More importantly you need to pay attention to RESISTANCE and SUPPORT, for between those two are YOUR PROFITS!
http://barchart.com/quotes/stocks/PSPW
Below is a screen shot of PSPW on Barchart. I've annotated the important profit factors.
SOOOOOO.....
For the most part, you can forget about the 2nd resistance and support levels. They're nice to achieve because they generate bigger returns, but the 1st level will get you a nice profit, 3, 4, or 5 times more often then the larger spread.
As you can see, there's a $.17 spread between support (what the GREEN TEAM will not let it go below) and the resistance (what the RED TEAM will not let it go above).
Let's say your initial investment in PSPW is $1,000. That's almost 1500 shares. 1500 shares at .17 cents per share profit is $255. Not a lot I know. But $250-300 per trade, a few times a week (maybe on a few different stocks) adds up VERY VERY quickly. And remember, if you PARLAY your trading dollars, then the 2nd flip you will have $1250 to work with, not $1000.
El Jefe Out!
Happy Trading!!
Hey all! Hope you're having a great week post holiday. Summer can slow down a little bit, and making smart rational decisions to generate profits here is more important than ever.
By now, you all pretty much know how I make money here. And how many of you have learned to. Without my PROVEN method for trading, I would not have had the liquid cash I threw into HIDE on a whim last week. It proved to me a great decision, and because it was generated from profits, the risk was easier to stomach. Stick to the system and YOU WILL GROW YOUR PROFITS FASTER THAN ANY GREEN TEAM LONG in the land of iHub.
I wanted to share with you a tool I use that helps me make snap decisions without watching LEVEL 2 and Charts all day everyday before I swing a stock. Many of you have probably seen it, but mostly pay attention to the BUY or SELL flags. More importantly you need to pay attention to RESISTANCE and SUPPORT, for between those two are YOUR PROFITS!
http://barchart.com/quotes/stocks/PSPW
Below is a screen shot of PSPW on Barchart. I've annotated the important profit factors.
SOOOOOO.....
For the most part, you can forget about the 2nd resistance and support levels. They're nice to achieve because they generate bigger returns, but the 1st level will get you a nice profit, 3, 4, or 5 times more often then the larger spread.
As you can see, there's a $.17 spread between support (what the GREEN TEAM will not let it go below) and the resistance (what the RED TEAM will not let it go above).
Let's say your initial investment in PSPW is $1,000. That's almost 1500 shares. 1500 shares at .17 cents per share profit is $255. Not a lot I know. But $250-300 per trade, a few times a week (maybe on a few different stocks) adds up VERY VERY quickly. And remember, if you PARLAY your trading dollars, then the 2nd flip you will have $1250 to work with, not $1000.
El Jefe Out!
Happy Trading!!
EL JEFE'S TRADING FOR PROFITS
"I LAY IT OUT FOR YOU TO PLAY IT OUT"
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