Finest Stock Picking Service for Profit

Measure One -- Identifying Potential High Volume Runners:

 AMEX stocks priced between $1 and $10, with quantity at least 30 times greater than typical for the time of day, trading at 30,000 volume minimal, and priced at 4% higher than the closing price of the previous day.  In addition, we have a secondary, simple scan looking for stocks up a minimum of 6 percent to the day, with the stock picking service.

As the stocks are alarmed we first Confirm that they are liquid enough to pay for stock picking service.

Step Two -- Qualifying the Setup in  Stock Picking Service:

Red Flag Review in Stock Picking Service:

1) Is There a considerable cost resistance degree (s) overhead depending on the weekly or daily chart?

2) Are There some abrupt price crashes in the nearby past which could mean former buyers carrying through these crashes will seem to sell for a opportunity to break-even?

3) Is The gap up from the prior day big enough that present holders will be scrambling to market to take profits?

4) Where would be the medium to long term Straightforward  Moving Average lines?  If they're above the present cost, they may function as regions of powerful marketing.

Green Flag Review at Stock Picking Service:

1) Is There a significant degree of purchasing support immediately under the present price level depending on the weekly and/or daily chart?

2) Is The cost action over the last 3 to 12 months at a tight range with light volume?

3) Is The current cost at or around to be in a brand new long term high?

4) Is The present price breaking to medium term simple moving averages?

After qualifying a potential setup we Determine our trade dimensions by way of a mental calculation or utilizing the'commerce size' excel instrument. Then we prepare a One-Triggers-All submission order.

The Buy order we input is a 'Stop-Limit' purchase, with the halt price set at $0.01 higher than the maximum price of the initial 15 Minutes, and also the Limit purchase price set at a few cents greater than the cost.

The Sell order (our Stop-loss / Loss limit order) part of this One-Triggers-All entrance is defined as a"Stop on Quote" order.  If hit, the order becomes a market sell order to leave the transaction for a little loss.

Step Four -- Handling the Order & Taking Gains:

You've identified levels of possible  Resistance during your red/green qualifying inspection of this installation. Your immediate concern, if your entry order has implemented, is to determine if the purchase price is quickly rising to this level of likely immunity; if so, consider profits at this amount or move up your stop just under this level to protect your profits and remove the danger of loss.

Monitor the trade using a 5 minute chart. As fresh Highs are set and pullbacks happen, kindly move your stop loss order up below these new highs and pullbacks to eliminate risk and lock in gains. Always be cautious of the resistance levels you have identified and behave accordingly.

Analyze the volume/price action Mix and trust what the candles and volume are showing to you about the likely movement of the price.

Step Five -- Post Trade Evaluation:

Keep a trade journal of each transaction  You enter, and conduct"post-game analysis", like you are watching game tapes. Consistently assessing your commerce performance is the perfect approach to enhance.

 The weekly & daily graph for your trade, and a screen shot of a full day's 5 minute chart for your trade. Notice your entrance price, your initial stop level, any subsequent moves in the stop, and your exit price.

Look at the stock picking support and Weekly graph, how did your red/green flag review hold up?  What'd you get right?

 Will shake us from the transaction and leave us missing a massive motion. Occasionally it'll happen and it is inescapable, other times it occurs because we browse the price action incorrect, or we did not find appropriate resistance levels, etc..

Maintain a detailed trade journal and Focus on constant improvement. Assess and enhance, repeat.Stock