1. Money Management
With US$8000, only buy up to two stocks at any given time.
Only buy the market leaders on a bull market.
Buy QID if maket is dropping.
Keep cash if market in a flat base.
Never touch penny stocks.
2. Buy point and Sell point
There are mainly two point to buy stocks:
a. Breakout from a well formed flat base with volume.
b. After some wash sell on a bottom, there is a break away gap with volume.
Sell a position at once if it has a breakout failure or drops back to its base.
Add small postion if I have a winning stocks on any light volume pull back.
Never average down.
3. Risk Control
Cut loss at no more than 2% on any trade.
No target. Just follow the market.