In the New Sell box ( New Buy/Sell Tab ) should I sell every time my stock shows there or sell some stock for a profit?
Under Analyse Stocks tab, does sell mean to "sell short". What is the
purpose of the high limit stop when you sell a stock.
Please advise
Here is my answer.
Dear Sir/madam,
The New Buy and New Sell Section is there for your convenience. it just tells you AT AGLANCE which stocks have turned from Red to Green in the most current bar or from Green to Red in the most current bar.
It is there so that if you do not have time to look at all the charts, you can see at a glance which positions have turned bullish and which positions have turned bearish.
Just because a stock is there in the New Buy or New Sell does not mean that you have to make a trade.
Here are the steps for making a trade
CHECK THE STOCK TREND
First, for those stocks, you have to see if it is in a strong upwards trend.
If the dotted moving average is slanting upwards (30 to 45 degrees ) or downwards, then the stock is in a strong trend.
NEXT CHECK THE STOCK SIGNAL
This requires that you note the latest stock price bar's color and whether it is above or below the dotted line.
You can go long only if the green bar is above the dotted moving average.
You go short only if the Red bar is below the dotted average.
This helps you to place order in the direction of the trend.
If the price bar is GREEN and it is above the dotted moving average, it is bullish trend and you should buy the stock.
After you buy the stock, you hold it till the charts turn red.
If the price bar is RED and it is below the dotted average line, the trend is bearish and you should short sell the stock
After you short the stock, you hold the position till the charts turn green.
NEXT CHECK THE POWER RANKINGS TO SELECT THE BEST CANDIDATES
Out of all the stocks with a buy/sell signal, select stocks with higher power ranking
Have a look at the sample trade charts at
http://www.dreamtai.com/trial/ebayvdo.html
NEXT AS SOON AS A BUY OR SHORT SELL ORDER IS FILLED, SET THE STOP LOSS ORDER TO PROTECT YOUR POSITION
If you short sell a stock, you have to place a stop buy order ABOVE the stock price to cover your positions if the stock suddenly moves up.
If you buy a stock, you have to place a stop sell order BELOW the stock price to cover your positions if the stock suddenly moves down.
NEXT MONITOR YOUR POSITION EVERY DAY TO SEE THAT THE STOCK DOES NOT GO FROM BUY TO SELL OR VICE VERSA
If a stock in which you are long has turned Red, then sell the stock.
If a stock in which you are short has turned Green, then cover the short position by buying the stock.
Hope that you found these steps useful.
Please feel free to add your comments, feedbacks.
