Blue Line Trading - Show Me The Money!

Glenn Sperry Rank: 50 Followers: 12 Votes: 26 Years Member: 1 Last Update: 19 February 2018, 0:54 Categories: Chart Patterns
Momentum Stocks
Swing Trading

Buy on the BLUE vertical line. Charts are sorted by date. S&P-500 market indicators are on the last page.

Simple trading rules:
1. Look for a strong up trend above 200 SMA and buy when price pulls back into a support level with the slow stochastic indicating over sold < 20.
2. Buy where retail traders place their stop loss orders and place your stop below that. The market goes where the volume is, taking out stop-loss orders, and then repeating the cycle.

1 out of 5 trades will probably fail so keep loss per trade to 0.5% to 1% of the account size.
Example: Loss limit $500 (0.5% of 100k): If stop is $0.80 below buy price, $500 / $0.80 = 625 shares. Buy 600 shares or less. If the stock sells at the stop price, the loss is < $500.

Exit short term trades when stochastic is overbought AND price is at a supply level.
Exit long term trades when price moves below 200 day MA, depending on market conditions.

The few penny stocks in this list are for speculation only and the position size is small. A total loss would be < 0.5% of the account.


100131 WGL - WGL Holdings Inc.

170112 TMO - Thermo Fisher Scientific Inc.

170928 Monster Beverage Corp. (MNST)

170928 Visa Inc. (V)

171010 BCE, Inc. (BCE)

171010 Waste Management, Inc. (WM)

171018 Ross Stores, Inc. (ROST)

171019 L3 Technologies, Inc. (LLL)

171030 KAR Auction Services Inc. (KAR)

171109 BLOZF

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