Stock Picking - Cheatsheet

Here's a short cheatsheet on how I pick stocks:

• Volume per day:
• For options, 5 million shares or more
• For stocks, 1 million shares or more
• Technical Signal
• Macd: Bull or bear
• Mfi: Bull or bear
• Or something else. Just pick a tech sig or two. Don't overthink it.
• Price trend:
• Up: High highs and higher lows
• Down: Lower lows and lower highs
• Sideways: Bouncing between support and resistance at the same levels
• Trade in the direction of the price trend and one of the signals, using a strategy that matches the trend.

 That's it. Short and sweet.

Here's where you can read the full essay.

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Pring on Price Patterns : The Definitive Guide to Price Pattern Analysis and Intrepretation

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