Yes. I did not say that proof of mature trader is in profit. Profit tend to come as a result of discipline. And money management. And patience. And a robust trading system - I use CUE Trading System.
In the Superior Profit webinar conducted on 27th April 2016, I had introduced the CUE Trading concepts with many real trade examples. For Long Term Investment, Swing Trade and for Day Trades.
In that webinar, based on CUE Sonar and CUE At A Glance analysis, I had identified a potentially actionable stock at that time.
Let us go through this actionable trade idea as presented in the webinar at that time. Below is the snapshot of Dishman captured right from the video recording of the webinar - let us study the signals shown by CUE System on Dishman on 27th Apr 2016.
Weekly signals were Bearish - right? Now, for more accurate Swing Trade entry – as per Superior Profit Rule Book, we look at Daily chart using Hop On Template.
That was the analysis of the stock in the webinar on 27th Apr 2016. It was bearish and a Short could be entered the next day if Dishman continued to fall. What happened next? For that let us look at DISH.NS through Hop On Template as captured on 6th May after Market Close.
Exiting the trade with profit:
8. On 28th Apr Dishman continued to fall - triggering the Short Entry on Fine Tune chart or as price went below Low of 27th Apr for those not using Real Time data.
9. Where to put Stop Loss, that would be found using the Protection signal on Hop Off Template (see below) and would be 184.8 that was never hit.
10. Instead, on 6th May, in 7 trading days since entry, Dishman hit lower Boundary at 155 – which is our standard exit point for Go With Flow Trend Following Swing Trade. And the trade would be exited with profit.
Pre calculating Stop Loss:
It was important to keep Stop Loss pre-decided. And we could calculate Stop Loss level using Hop Off Template as explained in chart below.
Any CUE trader could do it!
I had shared this actionable trade on 27th April webinar. However it is not only me who could identify such actionable trades.
Any of our CUE Global System traders could easily scan for this or similar stock, analyze, enter and exit the trade. In India or USA or any other market in the world.
Does your trading system allow you to do that?
Citizen of Main Street.