This is the old version. One of my first trading strategies, small sketches of trade.(successful)
New : Trading strategy for trading on the NYSE
Basic input signals:
- Break of the previous day's high or low. Share should break through the minimum 1 day, better more 10 days low or high. Must be trend on the daily chart and trade only in its direction.
- Drawing the bottom, in the form of a saucer, centerfold stock . Share must pass at least 2-3$ from the opening and trading in the afternoon such signals.
- Centerfold, after a strong climb stock and explosion Volume. Minimum 1$ must grow and starts at level abut.
Money management ( risk management) :
- If 3 days in the red, 4 I don't trade for a day.
- If 3-4 deals to the minus, rest for a while( min. 30 minutes )
- More 5 deals with O result, rest for a while( min. 30 minutes )
- I share the intraday loss limit :
- 60% from Limit I can lose before 12:00
- 40% from Limit I can lose after 14:00
- ON OPG I can lose depending on the position size, for each 1000 Shares ~ 7C loss.
Example: if I have a position 1000 shares then after an open loss in 70$ i will cover the position,
on 10 000 no more 800$ etc
- ON MOC already 10C on 1000 Shares , no more 1000$ on 10000 Shares
- STOP in all positions about 10C, but not more than 15C .
Research. Selection of shares for trading on NYSE
Watching news :
- RBC
- www.quote.ru/shares/today_news.shtml
- www.k2kapital.com
- briefing.com
- bloomberg.com
- www.plan.ru/
Economic numbers that will be released:
- www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm
During company reports , то Earnings Calendar :
- www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3270
Upgrades and Downgrades for shares:
- www.briefing.com/Investor/Public/Calendars/UpgradesDowngrades.htm
Technical selection of shares :
I select the shares that passed the most yesterday in dollars, minimum volume in shares 500K, traded on NYSE, 52 high or low
- finviz.with
- www.investertech.com
- stockcharts.com/def/servlet/SC.scan
- www.prophet.net/analyze/javacharts.jsp
So stock turns out 250-300, I am already taking them on schedule. As a result, it remains 20-30 stocks at best for trading and less, not counting the shares which are reported . Could forget something, if I will add something later.
Superstitions, ritual
I'm not superstitious. I have no pre-trade rituals, if I notice any such things behind me, I immediately catch myself thinking and never repeat them. I have no happy things or objects, these are all superstitions and I isolate myself as much as possible from this. My success depends only on me, and not from signs or things.
