By George Angell
An previous good friend of mine requested me to learn this publication for him that was once a present years in the past. i've been buying and selling for over five years. I gave it a spin. UGGGHHHH!!!! What garbage!!!!!!
If this e-book ever was once respectable or had any validity, it used to be lengthy earlier than the unstable markets of at the present time. total, the tools defined during this booklet are to be met with severe warning. when you are really silly sufficient to aim them, you had larger paper exchange them for a minimum of a 12 months ahead of risking your individual cash. I paper traded them and that i had under 10% winners. definite, ninety% of my established trades failed.
There are larger, extra present concepts for you. bypass THIS!!!
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Additional resources for Sniper Trading: Essential Short-Term Money-Making Secrets for Trading Stocks, Options and Futures
Example text
The idea pattern for selling on Thursday is following two or three days of rising prices-the classic 3-day pattern. The ideal pattern for buying on Thursday is following two or three days of falling prices. ~ think you should place your stop based on how , lose. This is a mistake. Stop placestop must not be placed too close to the curA distant stop creates other problems. 37 38 SNIPERTRADING WORKBOOK Questions Where's the one place you must never place a stop? When trailing a stop, what's the one thing you don't want to do~ What's the maximum percentage distance you want to let the market retrace, prior to a resumption of positive prices~ How do you detect stop-running~ What's the relationship of stop placement to volatility?
Let's say the Treasury bonds are trading at 102-13. You want to buy them, but you only want to pay 102-10, which is below the market. So you place a limit order to buy bonds at 102-10 on a limit. The broker understands that you are willing to pay less-called or better-but not more. Now he must find a seller willing to sell at that price. Since a bid, or buying price, will exist, there will likewise be an offer, or selling price. The bid is the highest price the buyers are willing to pay, and the offer is the lowest price at which the sellers are willing to sell.
The five-day range has a variety of uses. You average range over an early high or market bottom or top. When comthe range of the day just completed, the five-day range a yardstick against which to measure the likelihood of falling within its parameters. Should you wish to trade late in the day, the average range can often tell you left in the market. 90 Answer The formula for calculating the five-day range is to take each daily range (high -low), sum the five ranges, and divide by five. 20. 80 points.
