Basic tips for the trips. First and foremos

Basic tips for the trips.

First and foremost play what you can lose and nothing more.

Never bump your bid. If you miss the run there will be another. Also know sell points and reentry points. Many times I will reenter a play if the chart is looking right. I only use the moving averages although I do look at RSI, accum/dist and other indicators.

Spread the plays out. Never bet the farm on one.

Sell some on the rise so you get back your initial investment. Ride the rest up till you can’t stand it.

Know the players. This I cannot stress enough.

Soon as you buy put in a sell. Break the sells up in 1 to 2 ticks. Most trip zips will make .0005 easy. If they break .0005 they stand a good chance of breaking into doubles. If they break into the doubles the sky can be the limit. Keep the MOMO going.

Some will take days, weeks or months to make the run. Sit back and relax. If you are diversified you will still be making a profit while the others are on hold.

Know how to target a stock. Look back for the last peak on the 5 wave decline. Take half of that and there you have a target. There is more to it than that but it will give you an idea as to the potential.

Don’t get impatient. Soon as you dump your stock it will run big time.

At any given time I have about 50 plays in hand. I don’t watch the L2 but on 18 of any of them. As a matter of fact I am doing other stuff during the trading day and do periodic checks on the plays. If you have done your homework on a stock you can spend your time more wisely while doing well in the markets.

Remember trips are the kick.