Emin system

Discussion in 'Journals' started by Emintrader, Feb 14, 2009.

  1. Hi guys,

    Since december 2008 i try a new approach of my trading. For now i am at + 52,91% of results.

    I will post here my orders..

    Here are the principles of my "emin system" :

    1. Just BUY signal.

    2. 5 STOCKS in NASDAQ with high VOLUME (MRVL, RIMM, HCBK, JNPR, SCHW)

    3. DAY TRADING approach. We never hold a position after the close of market.

    4. It takes FEW MINUTES per day

    5. SETUPS : SIMPLE, EASY and AUTOMATIC TRADING. NO emotions. NO fundamental analysis. NO technical analysis. just BEHAVIORAL ANALYSIS.

    6. WHEN TO ENTER: I will give you each day a percentage (%), called “L5” that you must add to the open price for having entry signal.
    Example (virtual) : if stock opens at 100.00 and L5 was 10 then your buy signal is 110.00. Simple.

    7. WHEN to EXIT:
    Your target price is : “L5 * 2”. Example : stocks opens at 100 with L5 at 10 so your target price for gain is “100 * (1 + ((L5 * 2) / 100)) = 120.00”.
    Your stop-loss price is at opens less 0.07. Here your stop-loss will be of “100 – 0.07” = 99.93.
    Otherwise, sell your position at market’s close.

    2009-02-16:
    HCBK : L5 = 1,9757%
    MRVL: L5 = 2,6316%
    RIMM : L5 = 2,1212%
    JNPR : L5 = 2,1181%
    SCHW : L5 = 2,555%

    Have good trades...

    Overall bilan : + 52,9102%