Why shouldn't ignore the weekly stock picks and how to trade

[Cobra]

Here's a live example why you shouldn't ignore the weekly stock picks simply because it's free: viewtopic.php?f=2&t=861&p=123517#p123517

Explains on how to trade my weekly stock picks: viewtopic.php?f=2&t=860&p=123334#p123334

My way of trading breakout on my weekly picks: viewtopic.php?f=2&t=860&p=123353#p123353

Be sure to put your buy stop above the base: viewtopic.php?f=2&t=860&p=123359#p123359

Discussion in Chinese: http://www.hutong9.net/forum.php?mod=vi ... tid=205081

[Cobra]

Please use this thread to ask questions and exchange ideas on how to trade base and breakout setup. Thanks. I hope eventually this thread can be a user guide on how to trade base and breakout setup.

[stlwater]

I'm glad I could help... at least my loss was worth something

[Cobra]

I'm glad I could help... at least my loss was worth something

thanks.

[Edwinhsu]

Hello, newbie here. Thanks in advance for your help.
Quick question about trading the weekly stock picks. Once a pick breaks out and the buy order is triggered, when do you sell? Do you set a hard sell target, or do you put a trailing stop loss and ride it up as far as you can?

[Cobra]

Hello, newbie here. Thanks in advance for your help.
Quick question about trading the weekly stock picks. Once a pick breaks out and the buy order is triggered, when do you sell? Do you set a hard sell target, or do you put a trailing stop loss and ride it up as far as you can?

For where to sell, right now, there's no answer. Generally you want to ride the trend, so you can sell partial and use breakeven stop loss (or as you said trailing stop loss) to ride the trend up.

As for where to sell partial, really no answer, it requires experiences. Cobra draws 2 blue lines around the base, the theoretic target is calculated as the spread between 2 blue lines added on the upper blue line. Another way is, say, your stop loss is $1, then your target at least is $1, this way, your gain to loss ratio is 1:1 therefore if the base and breakout has above 50% winning rate, you'd win in the long run. Again, there's no right answer here, all depends.

[Fleaserg]

My pick for today will be WFC stock, I didnt sell it the last time the scandal came out.