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Originally Posted by juicyjuice
yes id be very interested in a newsletter, or at least in hearing your system...
2% downside per trade.. what is the upside potential? at what point do u take your gains?
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The upside potential diffrers from stock to stock, unlike the downside potential which is set at 2%, for the upside, we will let the chart tell us when to exit. The 2% rule for the downside is set at 2% because if you do not cut your losses at 2%, you are risking losing your entire capital, and for a trader, your capital is your blood, so it is absolutly imperative that you do not put your entire capital at risk on any trade.
And we will set the stops in manually, so it will automatically sell the stock once it goes down 2% from our entry point. This is because if you do not set the stop manually, when it comes to selling, many people will actually divert from the rule thinking "well, it will probably come back up, and this is when a simple trade could turn into a complete disaster.
I won't do a newsletter, I still have a Adult business to run
but I will do a thread here where I will post the daily picks and my entry points and you guys can see if it is right for you. No one here should just jump in and follow my picks right away, you should do some research of your own (I will teach you guys how the system works) and then you can decide for yourself if it will work out for you.
Be back after lunch.