- Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock NYSE:INSW because the leading stock always moves 50% more than the second stock in sector
- Initially risk 0.5% of account.
Double original position once stock moves 3% in your favor.
Add to position when stock moves moves 3% in your favor. (6% from buy point)
- If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
- Raise stop to entry when stock is 10% in your favour
Main Sources of My Knowledge
Mark Minervini
Constance Brown
William O'neil
Speakers on Trader Lion Youtube
Adam Khoo
My Indicators
14 Period RSI.
9SMA and 45EMA Moving Averages added
Composite by Constance Brown
This is for catching failures in the RSI.
The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that