Three Strikes and You're Out:
Our stops are close to the market.
We will not risk more than 3 7/8 on
any trade. If we get stopped out of
a position, we have two more opportunities
to re-enter the trade if it penetrates
the buy point again. After getting
stopped out a third time, we call
the trade a bust.
We Use Protective Stops:
This is the price at which a protective
stop should be entered. As a position
advances, stops should be adjusted
accordingly. Each buy recommendation
comes with a BUY STOP. This is the
Low Risk Entry Point that you should
consider when making a purchase.
If the stock does not reach this
price then it does not become a
buy candidate. If in the following
days the prices of the stock reaches
the BUY STOP or higher then you
may consider purchasing the stock.
Once a purchase is made then use
the recommended protective stop
as indicated in our reports. Should
the stock advance move, you should
move the protective stop up accordingly.
Example: XYZ Corp closed at
50 the previous day.
A) A buy stop recommendation
of 50 5/8 is made with a protective
stop of 47 5/8 (a difference of
B) Now, should the stock
advance to 55 5/8, then the protective
stop would be 52 5/8
C) Keep advancing the stop
as the stock moves up until the
stop is penetrated and you exit
How to Capitalize from "The
Second Day Syndrome":
"The Second Day Syndrome"
is a unique way to profit from Wall
Street Traders Technical analysis.
Our analysis is based on a stock's
price momentum and volume. Certain
stocks will forge ahead after they
give a buy signal. Other companies
will have a strong up day generating
a recommendation and then back off.
Watch for these companies! When
they eventually penetrate the buy
price (usually on the "Second
Day" after being recommended,)
they will typically produce a strong
upward move. This greatly lessens
your chances of getting "stopped
out" of this trade.
Daily Stock Report Features:
Daily selections include Low
Risk Entry Point, RSI (Relative
Strength Index), protective stops,
and option availability.
Daily Sector Call includes three
selected stocks from that day's
featured market sector.
Trades both sides of the market:
both buy and short sell candidates
Wall Street Trader's Column
is received daily throughout the
U.S., Europe, the Middle East, Asia,
and the Far East.
We are one of the most widely recognized
daily stock market fax and Internet
services available today.
Our daily technical analysis is
received and followed by most of
the major institutional brokerage
firms and wire houses.
DISCLAIMER: This report is not intended
as an offering or a solicitation
of an offer to buy or sell the securities
and futures mentioned. While all
information is derived from sources
we deem reliable, we do not represent
that it is accurate or complete.
Such information and the opinions
expressed are subject to change
without notice. WALL STREET TRADER'S
COLUMN, its officers, stockholders,
and employees and their families
may have a long or short position
in or may at any given time purchase
or sell the securities or options