Money Management
Refining our sell disipline: Once we have a stock up 14% we begin watching for sell signals. The primary indicator for this purpose is the DMI and ADX lines on the daily and 60 min. charts. When the daily positive DMI (green) line crosses below the ADX (white) line sell the stock. Use the 60 min to give early warning signs but this interval can be too sensitive and the real signal seems to be when both 60 and daily are turning together. Our object is to hold thru small sell offs but get out before big corrections.
Monday, April 7, 2008
Time 12:51
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