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February 04, 2009 Trend Trade |
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2/4/2009 10:04:05 PM Here's a Trend Trade for Thursday morning... There's a very simple methodology for trading trends. You wait for a stock to base out, test its lows and then when it recaptures the 10 week moving average, you go long. How long do you hold? As long as it remains above the 10 week moving average. Where do you apply your stop? At the 10 week moving average. The nice thing about this type of trade is that it's slow motion. You can follow it on weekends. Don't need to stress about it during the work week. And if you are stressing about it, then you've invested too much in that one position. That's called the sleep test - it's a good way to tell if you're trading too much money. Trading is a dangerous game. You can lose large sums of money rather quickly. Even the following stock can get a 50% haircut over night if something negative were to happen to it. You need to consider that in your trading plan. Too risky for you? Lower the initial amount you go in with. Still too risky, then divide your position in half and leg into it. You'll find what works best for you. It just takes time. Here's the stock I'm recommending:
It's something I've been watching for a while. There are a lot of beaten up stocks out there and as they base and come up out of their base, they make great opportunities. I know we've been a little slow of late - but that's more a function of the market. If things improve, this service will heat up... So stay tuned. Regards,
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Jay DeVincentis
Patrice V. Johnson's - J.E.D.I. Trader Explosive Stock Trader Stock Options Speculator Angelo Campione's Advantage Credit Spreads Lynn T's 1-2-3 PLUS Alert ETF Advisor Fundamental Trader Alert Daily Stock Barometer QQQQ Trader and Rydex Trader: issued by 10pm in the evening when the Barometer system issues a Buy or Sell Signal. Stock Barometer Premier Membership Click Here to visit our subscribe page learn more about any of our services. Earn Money referring us to your friends, family and other traders. Click here for details: http://www.stockbarometer.com/affiliate.aspx To ensure delivery and prevent this e-mail from being delivered to your bulk mail folder, please add our 'From' e-mail address, info@stockbarometer.com, to your address book. Important Disclosure Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results. Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments. In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update. For a complete understanding of the risks associated with trading, see our Risk Disclosure. Copyright © 2004-2009 Investment Research
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