Unless you are able to develop a considerable trading edge over the
other traders, you will end up losing your money, even if you are
disciplined and organized. In this article, I discuss some elements
that I use in my trading edge.
Laptop Battery Fundamental Analysis
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Thinkpad Fundamental analysis is the process of evaluating the
financial condition of a
company using financial reports,
price/earning ratios, revenues, market share, sales and growth,
etc. This type of analysis can be time consuming so instead of
going through pages of financial reports, I simply look at IBD
ratings.
-- IBM is a global leader in the creation, development and manufacture of cutting edge computer systems.
- Microsoft
Microsoft I like to use Investor's Business Daily (IBD found at
investors.com) to get a quick overview of a stock. The IBD rating
covers:
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Laptop Computers 1 - Earnings Per Share (EPS) rating: tells me a stock's average
short term (recent quarters) and long term (last three
years) earning growth rate. The
number I see is how the company compares to all other companies.
The scale runs from 1 to 99, 99 being the best.
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Laptop Computer 2 - Relative Price Strength (RS) Rating: Measures a stock's
relative price change in the last 12 months in comparison to all
other equities. The scale runs from 1 to 99, 99 being the best.
Index Market Stock Strategy Trading requires an understanding of the underlying index being tracked and the market forces at play. In simplistic terms, a stock market index is simply a compilation of stocks that are related; they might all be technology stocks, do business in a specific nation, belong to a certain exchange or so forth. There is a wide variety of indices to follow depending upon your area of expertise and interest with the most well known being the S&P 500. As always, in edge.
Desktop Computer 3 - Industry Relative Price Rating: Compares a stock's industry
price action in the last 6 months to the other 196 industries in
IBD's industry list. The scale is from A to E, A being the
best.
Notebooks 4 - Sales + Profit Margins + ROE (Return on Equity) Rating:
Crunches a firm's sales growth rate during the last 3 quarters,
before and after profit margins and return on equity into one
letter. The scale is from A to E, A being the best.
Lenovo 5 - Accumulation/Distribution rating: Applies a formula of price
and volume changes in the last 13 weeks to determine if it is being
accumulated or distributed. A = heavy buying, C = Neutral, E =
heavy selling.
Hard Drive If you like the idea of including fundamental analysis into your
trading plan, consider trading only stocks that meet some minimum
requirements - for example A or B,> 70, etc.
Travelstar I like to use fundamental ratings for longer term trades such as
the ones I plan on weekly charts. It is not really useful if you
trade intraday.
Gateway
Technical Analysis
Laptop Parts Fundamental analysis is great to build a list of strong stocks,
or as a way to filter out weak stocks, but that's about it. It does
not provide you with an objective method to enter and exit trades.
All my trading decisions (entry, exit, and stops) are based on
technical analysis.
Software Technical analysis is the study of prices. The price action
draws patterns on charts and because human behavior can be
repetitive, the price patterns can also be repetitive.
Hard Drives You can choose from a variety of chart types. The Japanese
candlestick charts are by far the best and it is the only form you
need. There are entire books dedicated to the study of candlestick
patterns - if you are serious about studying candlestick charts,
look at books written by Steve Nison and and Gregory L. Morris.
Electronics - Support and Resistance: The most important concept in
technical analysis is Support and Resistance. It forms the
foundation for every trading decision and could cover many pages
but I will limit myself to simplified definitions and a couple
examples:
Canon Support level: A price level that a declining market or stock
failed to penetrate
Example: the low of the previous day forms an area of support and
is often used as a stop loss.
Desktop Pc Resistance level: A price level that a rising market or stock
failed to break through
Example: a prior high in an uptrend forms an area of resistance
and can be used as a minimum objective to take some profits.
Desktop Computers Some technical indicators may also provide some support and
resistance, for example moving averages, in part maybe because so
many traders expect it.
Think Pad - Oscillators
Repair An oscillator is a technical indicator that tells you at a
glance whether a market or a stock currently trades in an
"overbought" or "oversold" condition. Some traders use oscillators
to forecast a change of direction. Some examples include the RSI,
Stochastic Oscillator, and MACD.
Data Recovery There are hundreds of oscillators and technical indicators. I
personally look at them to filter out some stocks if I have too
many good ones to choose from. I never use them as a signal to open
or close a trade.
Cisco - Public Sentiment
Keyboard I look for support and resistance on the VIX (Volatility Index)
daily chart to anticipate reversals.
Monitor I look at the Put/Call Ratio (5 MA and 10 MA) on the daily chart
to see if traders are too bearish (MAs> 0.8) or too bullish (MAs
< 0.5).
Desktop (MA = Moving Average)
Infosys - Market internals to see if the market is overbought or
oversold
Refurbished Laptops I look at the TRIN (5 MA and 10 MA) on the daily chart -
overbought (MAs < 0.8) or oversold (MAs> 1.2).
Wipro I look at the McClellan Oscillator - the market is overbought if
it rises above +70 and oversold if drops below -70. A buy signal is
generated if it falls into the oversold area (-70 to -100) and then
turns up - a sell signal is generated if it rises into the
overbought area (+70 to +100) and then turns down. If it goes
beyond the -100/+100 levels then it may be a sign of continuation
of the current trend.
Lap Top - Market and Industries
Refurbished I like to buy stocks from industries in a strong uptrend and
short stocks from industries in a downtrend. I also consider the
direction of the industry for the day (positive or negative).
Memory
Putting it all together
Intel This article is not about teaching you how to develop an edge
but hopefully it shows you that there are many different tools that
can be used to improve your odds. It takes time to find a
combination that fits your personality. It takes time to find what
works for you.
As400
Yves Mailhot -
A Disciplined and Organized Approach to Trading
http://www.TradingFramework.com
.Yves Mailhot -
A Disciplined and Organized Approach to Trading
http://www.TradingFramework.com
.
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