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Re: marubozu the clown post# 175826

Sunday, 01/22/2012 8:23:19 PM

Sunday, January 22, 2012 8:23:19 PM

Post# of 647874
That's a very good question. The trigger is what the charts indicate as the breakout point. Also, many books and players will tell you don't buy until that RESISTANCE/TRIGGER is broken.

That list is my current portfolio, I buy on my own indicators or DD sometimes before the trigger, I can average down or I have the patience.

I added the trigger for those that want to play it safe and buy at resistance/trigger. Some of those could be your day traders that just buy on the breakout and exit the same day.

I look for plays that seem that they will return me 30% or more a bit of patience is okay. If I put $5000 on each stock and get 25-50% per play at least 10 times per month - I'm doing okay.

$5000 -- 25% = $1,250 x 10 times per month == $12,500 per month

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