Giday cob,
No not my rules, I look at what appears to work and build on it,
These are the rules from Stan Weinstein, secrets for profiting in bulls and bear markets,
View attachment 3702404As you can see from my high lighted parts, I use those rules, as they work for me in my long term share portfolio,
Now,,,,this is my opinion on the high lighted crossed out rule,,, garbage,
If you were going to cross a busy highway with trucks barrelling through and you had a 99.999% chance of getting killed,,,would you still walk across that highway,,, of course you bloody wouldn't,,,,so,
That's exactly the same as running a stop loss, your going to get killed,
If you knew you were going to get killed why would you buy the share in the first place, pretty retarded don't you think,
And any way, were investing for the next 10/20 years, we don't give a shit what happens inside all the noise,
We're getting paid to stay invested and we're going through the market cycles upwards,
Anyway, here's where we are in this cycle, in my opinion,
View attachment 3702428I don't follow rules at the best of times unless they make complete sense and I can benefit from those rules,
I use 30 day exponential moving average,
I look at the relative strength line( like the book says)
If the relative strength is going up then look at the stock a bit closer, particularly if you use a scanning tool, the book doesnt mention a scanning tool which most programs have today,
You can write some code for you scanning tool to use relative strength as one of your criteria,
I use a 5 year chart,
I use a monthly chart,
With these rules I only focus on my blue chips, obviously one needs some due diligence on the sector your looking at,
On specs the only rules are, get in early and sell at the top, buy low sell high,
If this helps you make some more money in the market well done,
Hope I explained it clear enough for you, any questions fire away
(20min delay)