Another concern is for the types and styles of charts and how to proportion them in selecting them for the 6 stock MDG list.
Note: I could show photos with these to support the terminology but hey I am not writing a book with this. You can if you like.
Stirs the question:
How many must have awesome daily charts, and how many are just on a speculative tear. Well The majority should have decent at least daily's ( 4 out of 6 say ), and the 2 remainders "can be but dont have to be" recent risers, stocks with "trading ranges" that are zig-zagging, or Gappers.
Questions to answer with experience: how many will "have to have" building volume in previous day trades or hours of trade to be considered definate potential pps gainers, and is it really worth it amongst 6 stocks only to divide categorically the stocks price into subpenny, penny to dollar, and dollar plus ??? We shall see.
Terminology:
Recent Risers: Stocks with great pps improvements that typically are spotted to rise within a one week period that form a "one day" great result or only a few days and have nothing for performance before the release of news or just a speculative pps rise from a "jump on the bandwagon" style buy/sell design.
Trading Ranges:
stocks whose averages are at any slope (downward, upward, or even) that cycle up and down crossing their averages in a sort of sine wave or ramp function. ( curves up and down or plateaus )
Gappers: ( often followed by crapping out ). stocks that rise straight up within a one day chart, 6 month chart or even a 5 year chart and break their trends by either notching down for a correction, or leveling off at a higher price ( than before the gap ) somewhere along the gap, or trail off back to nothingness at a lower pps than the gaps peak.
Notes:
Well I feel like I am writing "the idiots" guide somewhat but hey why not try to keep it as simple as possible to develop a "norm" in patterns to better the decision making process for buy/sell/hold. Every time a rule is made it is broken in terms of pps behavior but patterns do exist that are worth mentioning.
AI
