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Stocks & Commodities V. 21:3 (34-43): The Scoring Trade by Thomas Bulkowski
Stocks & Commodities V. 21:3 (34-43): The Scoring Trade by Thomas Bulkowski
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The Scoring Trade by Thomas Bulkowski
Heres a scoring system for symmetrical triangles that helps predict performance.
How do you make money in a bear market without selling short? By picking winners. How do you gain the experience necessary to pick winners? Good question. Someone once said you should print a chart of your favorite stock each morning, stare at it for eight hours every day, and then two years later trade the stock. There is much truth in that: acquiring experience has few shortcuts.
I review 225 stocks daily, but it takes just 15 minutes. As fast as the computer can load each chart, Im ready to move on to the next one. I only stop if I see something interesting. One of those interesting events was a trade I made in WPS Resources Corp. (WPS) using my scoring system for chart patterns.
Heres a scoring system for symmetrical triangles that helps predict performance.
How do you make money in a bear market without selling short? By picking winners. How do you gain the experience necessary to pick winners? Good question. Someone once said you should print a chart of your favorite stock each morning, stare at it for eight hours every day, and then two years later trade the stock. There is much truth in that: acquiring experience has few shortcuts.
I review 225 stocks daily, but it takes just 15 minutes. As fast as the computer can load each chart, Im ready to move on to the next one. I only stop if I see something interesting. One of those interesting events was a trade I made in WPS Resources Corp. (WPS) using my scoring system for chart patterns.
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