Keep It Simple.
- Time Frame
- Weekly Charts
- Entries
- Base break outs
- Trend line breaks
- On above average volume.
- Price must be above the 10/30 week moving averages
- Risk/ Stops
- Risk no more than 2% of capital per trade.
- Stop set at 1-2x ATR
- Profit Taking
- Strategy One
- 1/3 off at 2x ATR
- 1/3 off at 20%
- Trail stop last 1/3 (6 bar low)
- Strategy Two
- 1/2 off at 20%
- 1/2 trail stop (6 bar low)
- Strategy One
- Some Other Criteria to Keep in Mind.
- Focus on companies that are new. ( 10-15yrs. max)
What is really comes down to is drawing some lines on a chart and managing risk...