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Trendline trading.
Posted in: Investment by Jaromír Adámek on September 25, 2008. Post tags: buy, graph, money, RMS, sell, SPAD, stock, trading, trendline
Graph (FIO broker) is from big SPAD (EU – Czech Republic) market. My orders was placed on the small RMS market, where the price fluctuate heavy +-5 CZK around SPAD . At RMS I usually buy better
than on the SPAD market, but I must sell quicker, when the price go up at the SPAD. If the price start falling down at the SPAD the RMS accepting only very low price
.
Buy:
Firstly I draw red line under minimums and green line at the expected profit .
The minimum for 24. 9. 2008 was from 596 to +-597, the price go down to 593, i place order and bought at 591,3
.
Sell:
Now I must little wait and look market very carefully, if it will go down i will sell! This is the most difficult part
!!! I must be strong, and if market not return to usual limits, it’s regular breakout and price will FALL DOWN HEAVY!
Market go up for whole day, with large correction in 15-16 hours (as everyday…, everyone ending in this hour his positions).
Today 25. 9. 2008 I watch the USA market (USA storing lot of money in the CR market…), which fall down to -0.27% (NASDAQ 0%), so i can’t expect any large push up in price! At the 11 hours I meet my internal goal of +-400 (410 wasn’t realistic according to the USA results), so i placed sell order at the nice 399,7 and wait. If someone will buy it, or the price will go up (if go up, i will cancel the order and wait). Someone buy my stocks at the 401 and i realized nice profit
.
So this is way, how I’m today make some money
