Re: Stocks To Keep A Close Eye On - Chapter II
Dear Asnavale, Thank u very much for ur detail clarification which cleared all my doubts & enlightened me considerably. Thanks again & God Bless U & All..SM
Sibu Da,
SG gives the entry price which is previous day's High. The idea behind the entry price being previous day high is that, if the stock is really going to move up, it would go up to and beyond previous day's high. In case it does not make it, there is a chance, but small, that the stock may move down even after the buy trigger. Therefore, the entry can be taken next day if the price is able to move to the suggested price. It is not necessary to enter at or above the suggested price. Once that price is achieved, you can buy at even lower price. The amount of effort put by SG and the huge experience of trading those signals live with real money itself is confidence for others.
For the stocks which have achieved target and new targets are given, new entry is possible especially after a small retracement.
For the stocks which have given Sell signals, shorting was not taken into consideration. They had already given buy signals earlier and now they have either gone in the sell region or below stop loss. If you want to short, calculation of target and stop loss have to be calculated in a different way and shorting strategy will be different. As these signals are not meant for intra-day, shorting in intra-day is not to be done based on these sell triggers. I am not sure any broker allows shorting for a period of several days. Therefore, those signals are not meant for shorting.
Regards
-Anant
SG gives the entry price which is previous day's High. The idea behind the entry price being previous day high is that, if the stock is really going to move up, it would go up to and beyond previous day's high. In case it does not make it, there is a chance, but small, that the stock may move down even after the buy trigger. Therefore, the entry can be taken next day if the price is able to move to the suggested price. It is not necessary to enter at or above the suggested price. Once that price is achieved, you can buy at even lower price. The amount of effort put by SG and the huge experience of trading those signals live with real money itself is confidence for others.
For the stocks which have achieved target and new targets are given, new entry is possible especially after a small retracement.
For the stocks which have given Sell signals, shorting was not taken into consideration. They had already given buy signals earlier and now they have either gone in the sell region or below stop loss. If you want to short, calculation of target and stop loss have to be calculated in a different way and shorting strategy will be different. As these signals are not meant for intra-day, shorting in intra-day is not to be done based on these sell triggers. I am not sure any broker allows shorting for a period of several days. Therefore, those signals are not meant for shorting.
Regards
-Anant