Yes. You have the general idea. Nothing works all the time but if you study charts and look for those kind of setups you will see a big improvement in your trading results as long as you don't exit out of fear. I also use a trailing stop method in most instances that can help preserve gains. I can send you an email later describing how I use stops. Remember, this is my method I use with success, there are plenty others that work as well or better. This is just one strategy I use day to day among others.

posted in stocks on Aug 2 8:25am