Greed and Fear Control
In all kind of trading, whether it is stock, options, futures or Forex, the control of greed and fear are the keys to success. In order to control greed and fear we formulate trading plan for readers on suggested position. The plan includes the followings:
Entry Price
Profit Exit Price
Stop Loss Price
The Entry Price is the price for opening a new position. This price is optimized using fundamental valuation methods and technical analysis.
Position is to be closed with profit if the Profit Exit Price is reached. With the Profit Exit Price set and if it is strictly followed, the trader’s greed is controlled and will not get carry away.
Position is to be closed with loss if the Stop Loss Price is reached. With the Stop Loss Price set and if it is strictly followed, the trader has no fear since the loss is known and will not continue.
Momentum Trading
All position suggested are based on momentum trading methods. Positions are thought to have the characteristics to be able to go with the suggested direction immediately at least for the short term (1-2 weeks) .Sometimes position may be held for longer term if specified stop loss prices are not violated.
Trend Trading
The trend is a trader’s friend. The least resistance for price movement is the direction of the price trend. Trading positions we suggested are always in the direction of the price trend.
Direction flexibility
Our intention is to provide profit opportunities during either up market or down market.
We try to be objective and flexible in analyzing market directions. Long position is suggested if the trend of the position is believed to be up while short position is suggested if the trend of the position is believed to be down.
