The rules for trade in the first month on the NYSE
Begin trading on the stock exchange is very difficult and your primary task is not to lose money. I decided to present a couple of simple but effective rules for trade in the first month on the NYSE.
- The size of the position:
100 shares (not more)
- Limit losses for the day:
$ 20-25
- The risk in the transaction:
10C maximum risk in the transaction
- Number of positions:
1 position
- STOP : >10C
- Shares:
Average daily volume in shares from 500 000 to 5 000 000
Price: $ 15-50
We sell only the trends
Only stocks with a smooth motion
Candles in the action shall not exceed 15-20C
DJ components are not touching
Shares included in the Commodities (commodities) do not bother – Oil, coal, silver, etc.
Average daily movement of shares not less than $ 1
- Time for NY:
10:30 am – 12: 00 and C 14: 00 to 15: 40
- If 3 days in minus not sell
- If 3 deals in the rest minus 30 minutes
P.S. Can that still remember
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