1.LindaBradfordRaschke2.StanWeinstein’sSecretsforProfitinginBullandBearMarkets3.Commonknowledgeofanymarketconditionclosesthesysteminefficiencythatallowseasyprofitfromit.Triangles,flags,anddoubletopsnowbelongtothemassesandareoftenundependabletotradethrougholdmethods.4.Fortunately,thepopularityofchartreadingopensanewandpowerfulinefficiencyforswingtraderstomanipulate.Theycanusethecrowd’slimitedpatt...[
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Tradingmottos–Techniquesoftapreading.DonotloseourHouseinKanataLake,applyatightstoplossreligiously.Donotcatchthefallingknife.(hnu.to,esol).Donottoaveragedown,nottojustifyaloss,nottochasethemarket.Averagingdown,justifications,andturningintradaytradingstrategiesintolong-terminvestingstrategiesarejustanotherwaytorationalizealosingposition.Themoresignificancethatisplacedoneachseparatetrade,themorediff...[
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1.Itisimportanttousethisbooktolearn,butdon’tusethisbooktobelikeWarrenBuffett.Youcan’tbeWarrenBuffettand,ifyoutry,youwillsuffer.UsethisbooktounderstandBuffett’sideasandthentakethoseideasandintegratethemintoyourownapproachtoinvesting.Itisonlyfromyourownideasthatyoucreategreatness.2.BuffetthadlearnedBenGraham’slessonwell:Whenstocksofastrongcompanyaresellingbelowtheirintrinsicvalue,actdecisively.3...[
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1.Ifyouloseone-third,or33.33%,ofyourassets,youwillhavetomake50%onyourremainingassetstobreakeven.Ifyoulose50%,youwillneedtomake100%torestoreyouroriginalcapital.Ifyoulose77.9%,youwillneedtomake352.5%ontheassetslefttobreakeven.Ithinkyougettheideabynow.Capitalpreservationis,byandlarge,moreimportantforsuccessfullong-terminvestmentthansecuringanoccasionallargeprofit.Keepinmindthatevenselloutonedayaftert...[
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1.Thebesttradescometogetherslowly.Younoticethemfromfarawayandhavetowaitformorepiecesofthepuzzletoemergebeforeyoucanpullthetriggerandplaceanordertobuyorsellshort.Meanwhile,youhavetokeepaneyeonthedevelopingtrade.Onewaytokeeptrackofitistoputitonthewall.AnotherwayiscalltheChihuahuatrade,whichistoplaceasmallorderthereinsteadofanalert.2.Howtogradeyourentriesandexits.TheBuyGrade=thehighofthedayminusbuypr...[
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1.Thebesttradescometogetherslowly.Younoticethemfromfarawayandhavetowaitformorepiecesofthepuzzletoemergebeforeyoucanpullthetriggerandplaceanordertobuyorsellshort.Meanwhile,youhavetokeepaneyeonthedevelopingtrade.Onewaytokeeptrackofitistoputitonthewall.AnotherwayiscalltheChihuahuatrade,whichistoplaceasmallorderthereinsteadofanalert.2.Howtogradeyourentriesandexits.TheBuyGrade=thehighofthedayminusbuypr...[
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1.Warren’stworevelations:1.Howdoyouidentifyanexceptionalcompanywithadurablecompetitiveadvantage?2.Howdoyouvalueacompanywithadurablecompetitiveadvantage?2.BenjaminGrahamrules:Hewasfocusedonfindingcompaniestradingatlessthanhalfofwhattheyheldincash.Hecalledit“buyingadollarfor50cents.”Neverpayingmorethantentimesacompany’searningandsellingthestockifitwasup50%.Ifitdidn’tgoupwithintwoyears,hewouldse...[
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1.CupwithHandle:lastfrom7weeksto65weeks,butmostlyfrom3to6months.Thecorrectionis12%to33%.atleast30%priceincreaseintheprioruptrend,togetherwithimprovingrelativestrengthandincreasingvolumePrefera“U”shapethanaverynarrow“V”shape.Plunge40%or50%israre.2.C=Currentbigoracceleratingquarterlyearningsandsalespershare.Earningspershare(EPS)upatleast25%inthemostrecentquarterversusthesamequartertheyearbefore....[
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Room3IusedasimpletechniquethatVictorSperandeotaughtinhisTraderVic–asimpletrendline,thenabreak,followedbyapullbackintoadoublebottom.Afteradoublebottomwaseastablished,Iwentlongattheswinghigh.IsearchforapostionthatIcanhold,andmayhavetoattemptentrymanytimesbeforefindingtherightone.Onbadconsequenceisthatyoucanhavetwoorthreestop-lossesinarow.Howcanyouminimizethat?Mysolutionistotakeprofitsonhalfofmyposi...[
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ComeintomytradingroomLawrenceMacMillan’sOptionsasaStrategicInvestment.HowtoBuyStocksbyLouisEngelWinningintheFuturesMarketsbyGeorgeAngellTheFuturesGamebyTewelesandJonesEconomicsofFuturesTradingbyThomasA.HieronymusTheBuffettWaybyRobertG.Hagstrom.LawrenceMcMillan’sOptionsasaStrategicInvestmentanduseitasahandbook.SheldonNatenberg’sOptionVolatilityandPricingStrategies.HarveyFriedentag’sOptions:Inve...[
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