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Description:

Portfolio description,,Hum
Best I can describe it is, Some of my stocks are risk/reward plays and some are 21 DMA plays and some are high risk plays.
When using chart analysis I like trading a stock using 21 DMA as my trading guide When a stock has been trending down under 21 dma I'll watch for the first jump back above the 21 DMA and see how far it will go and come back to test the support of the 21 DMA if it holds that support then I'll enter and hope for that support to hold and see if a new uptrend will form and ride it till the 21 DMA support is broken and will use mental stop for a sell: Reason for mental stop is stop loss order can be seen by M&Ms and they can controll price movements to take out stop loss and move price back up,if you use stop loss it's better to use trailing stop loss,it is hidden till it gets hit then it becomes a market order to sell but I still don't like it because if a stock has a lot of stop loss orders then your trailing stop loss gets taken out also.,,Best to use mental stop loss and stick to your plan if it gets hit you can always jump back on if it continues to go up but much harder to regin your loss if it continues down.

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