News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
2
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
20
|
|
Created
|
08/15/09
|
Type
|
Free
|
| Moderators | |||
This board's purpose is very simple.
MY STORY:
Trading has only become a recent hobby of mine.
My intial goal was to supplement my income. I am a physician and earn a good living, but let's face it...it's never enough.
Now that I have learned how to make consistent profits, I am addicted!
MY OBJECTIVE:
To become financially independent through my earnings as a part-time trader.
Using technical analysis, I identify stocks with momentum. I buy them at the appropriate price according to support and resistance levels. My goal is to earn 4-5% on each trade.
I get in and I get out with profits...consistently.
I intend to start with $5,000 and making 3-5% on each trade, and then roll that into the next trade, until I have made enough money to retire comfortably.
This will take time, but like I always say....
GET RICH SLOWLY...OR GET POOR QUICKLY!....the choice is yours.
____________________________________________________________________________________________________
MY TECHNIQUE:
Disclaimer--> I did not invent this trading technique. This is just the technique that I use. It's simple yet effective. I am not providing investing advice. This is simply a forum to discuss stocks and ways to earn money. As always, do your own due diligence.
1. Identify a stock with upward momentum. Look at the MACD. When the faster moving average crosses upward over the slower moving average, the stock goes on my watchlist.
2. Identify the next resistance level.
3. When the price CLOSES above this price, that is our signal!
4. The next day we place a limit order AT that resistance level. Very important to always use limit orders, as well as stop-losses.
It is important to note that sometimes the price will not come back down to our limit price. If that happens, let it go. Don't chase it. There will be another stock the next day.
5. Next, by looking at where the next resistance level is, we decide where to place our sell limit with a simple goal of a 3-5% profit.
I plan to post my picks here each evening Sunday thru Thursday, as well as my profits (or losses) and my running total.
___________________________________________________________________________________________________________________________________________________________________________
I welcome your picks, reasearch, DD, questions or just simple discussion.
1. Please keep all discussions on topic.
2. No obscenities or foul language. You will get banned!
3. Please, NO PUMPING OR BASHING! We are all here to make money and help others make money. If that is not your reason for being here, please leave.
4. Please do not just post the name of a stock or its symbol. Share any due diligence (DD) you have done or technical analysis.
Now let's make some money!!! 
