How to Follow the Big Boys?
On July 12, 2021, I noticed banker fund has emerged about 10%, and Momentum indicator curved up.
In this case, we interpret it as a buy signal, which means we must enter the market on the next day at the opening price.
We bought 10,000 shares on July 13 at the opening price of 0.365.
And then, we sat and waited for the durian to fall.
On T + 6, i.e. on July 22, the stock opened at 0.505 and the price surged to 0.70, and then progressively dropped.
One of My EXIT STRATEGIES is that if a stock drops 6 bids from its day high, i.e. to 0.675, it's time to exit. Following my Exit Strategy, my member exit the market, and the stock closed at 0.55.
On Aug 2, according to the Banker Indicator, we can see the big boys began to make a come back, and the stock closed at 0.48.
The momentum indicator has curved up, and the stock price has risen from its low point. These three factors can be considered as a clear BUY signal.
Hence, my member bought 10,000 shares at the opening price of 0.48 on August 3,2021.
On T+4, i.e. on August 9, the stock opened at 0.525 and rises to the high of 0.575, if it retraced 6 bids will be 0.55, but the stock closed at 0.565.
I observed that the momentum index had deviated, meaning that the stock price rises but the momentum index curve is on a down trend, and the trading volume is dramatically high on that day. As a result, I asked my member to sell at a price of 0.565 before 4:45pm.
The member could made a net profit of 776.50 from this trade, with ROI of 16.06%.
My Exit Strategy is not ambiguous, we follow a set rules and that's how we trade. We must exit on August 9, if not by Aug 11 we have to get out by hook or by crook.
August 11 is a Monday, the market opened at 0.555, the price rises to 0.57 day high, and then it fell. If you count 6 bids from the top, it is at 0.545. That is to say, if you did not exit at 0.545, you should exit at 0.50 before the market closed.
Traders must be fast in making their decisions. They will not make money if they think too much. Later, we notice this stock just plummeted as we had surmised.
On August 24, the momentum index curve drop to its lowest point, but stock price is still not at its low. It is lingered at 0.41.
There is a deviation here. On August 27, the stock price only dropped to the low of 0.39 but managed to closed at 0.395.
On September 6, banker emerged about 10% of the fund on that day belonged to the banker. The stock closed at 0.435.
On September 7, the stock closed at 0.42, the Banker Fund had faded, but the hot money remained at 70% and the remaining 30% fund belonged to the retail investors.
The fact that the Banker Fund emerged on September 6 indicated that this stock has attracted the big boys to come in. If we follow buy, we probably could exit at least at 0.50 or even at 0.57 depending on the strength of the market at that time.
I am KC Goh. My contact number is 012-6597910. Call me if you want to learn more about my software: KCGOH Shares Formulas, with 9 Magic Formulas + 5 Strategies Templates to help you make good profit in your Stock Market Investment!
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