EOM Garden II Prep: Step 10 REM 4.21.17
Successful traders always follow the line of least resistance. Always follow the trend. The trend is your friend. Jesse Livermore
We continue with the All-Star B-list candidates in our next Garden Growing application exercise.
Allocate amounts/prices/shares of REM from the All-Star B list (BA 2) on the worksheet. In this phase 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 REM
Action Points for Setting Alerts
1. Price closes under 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 $42.00 entry price.
This would give us 12 shares. Any unused funds are swept into the Round Two (R2) allocation for future opportunities.
For those wanting to be all in simply allocate all 1K.
When my analysis is complete, I plan to compile all steps into a single PDF document, available exclusively to EOM Members.
If you have questions, please send them to firstname.lastname@example.org.
On Monday, we evaluate the strength/weakness of each sector to see if the cracks are widening.
Enjoy your weekend,
David O. England
Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at email@example.com.
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