After literally losing my shirt in the past on horrible trading practices, the last 2 years I am following the trend method...if the stock closes above the 10 month simple mov8ng average on last day of the month, then I buy the following month if possible as close to the average line or buy half on the first of the month and average down if needed as long as the price stays above the line on the last day of the month. If it does not close above this line on the last day of the month, I sell it and take a loss on the first day of the month. To time the entry, I try and buy it when the stock is in the middle or the lower end of keltner channel on the daily chart (after first of course the stock has closed above the line the previous month on the monthly chart)...and the 123...ie it has retraced after a previous high was breached..simple for me to 7nderstand and has definitely worked for me to get into DCC, PSC, AXE, GSC, RNU, RDM, SCI, LYC, BKY and a bunch of others...i use this to get into stocks even if I miss the first month as long as it is close to the average line.....too simplistic isn’t it, but seems to be working for the past two years. I don’t remember where I saw this on the net, but it seemed to make sense, was simple for me to understand and back testing seems ok...in some stocks, I can see a bit of whipsawing, but in general seems to work. PSC satisfied all...even the 123 where it retraced after beating a previous high on the 27Oct........and the most important ingredient...a large Dose of good luck!!!
