EOM Garden Growing Prep: Step 13 3.17.17
I always define my risk, and I don’t have to worry about it. Tony Saliba
One has ZERO business trading unless the targeted profit and loss (max. pain) price or percentage is established and stop orders placed. When day trading, bracket orders are a must. DOE
The process to identify, allocate, set alerts and purchase our “Garden Growing” candidates may seem intimidating but after purchasing the first two to three funds, it should become muscle memory.
When we near the end of this series, I plan to offer an “in-person” seminar on Monday, March 27th from 6-8:30 PM. The location is F119 at JALC. This event is for paid EOM Members Only. You will receive a VIP Pass to attend. More to come…
Allocate amounts/prices/shares of the VIP Closed-End Funds (BA 3) on the worksheet. In this part of the training, I analyze each candidate, extrapolate the number of shares purchased with an estimated target price then determine alert conditions.
Key Points on PFN…
1. Pays a (consistent) monthly dividend and a bonus payment last December
1. Price drops down to the 6 SMA
Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $9.00 entry price.
This would give us 55 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.
We will wait to see if/which alarms hit. When hit, we will monitor until a Simple Simon Weekly, and SS Daily Buy Signal is generated before buying.
For those wanting to be all in simply allocate all 1K.
If having problems downloading the “ES Allocation Worksheet” (Members Vault), you may need to click on the “Enable Editing” button in your MS Office application to access the editable “Landscape” format. It should look the same as the PDF version.
If you have questions, please send them to me at email@example.com.
Next week, we will analyze the “new” 2017 Q1 Dividend Fund Report and focus on the All-Star A and B candidates for our next Garden.
David O. England
Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2
https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png 0 0 David O. England https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png David O. England2017-03-17 14:04:082017-03-17 14:29:39Step 13 3.17.17