Blue Line Trading - Show Me The Money!

Glenn Sperry

Buy on the BLUE line. NEW CHARTS are add to the bottom of the list.

Simple trading signals with predetermined sell stop price. I document good and bad trades to learn better trading methods. When fully invested, I still put stocks on the watch list to track my trading success/fail ratio.

1. Look for strong up trend and buy when price pulls back to a support level & stochastic is over sold < 20.
2. Buy where retail traders place their stop loss orders. The market goes where the volume is.

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

1 out of 5 trades will probably fail so I try to keep per trade loss to 0.5% to 1% or less 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. Stop is set below where the price has a high probability to reverse direction.

20180110 Breathtec Biomedical, Inc. (BTHCF) Daily Chart

20180111 AGR - Avangrid, Inc.

20180111 BIP - Brookfield Infrastructure Partners L.P.

20180111 FII - Federated Investors, Inc.

20180111 MKL - Markel Corp.

20180111 PRA - ProAssurance Corp.

20180115 PEP - Pepsico, Inc.

20180116 CNI - Canadian National Rail Co.

20180116 IBP - Installed Building Products Inc.

20180116 INGR - Ingredion Inc.

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