EOM Garden II Prep: Step 2 3.31.17
You don’t have to get in or out of a position all at once. Avoid the temptation of wanting to be completely right. Jack Schwager
The need to be “right” instead of “profitable” wipes out many. DOE
Allocate amounts/prices/shares of SMHD from the All-Star A list (BA 1) 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 SMHD…
Action Points for Setting Alerts
When we receive a Simple Simon Buy Signal, then go to the daily chart and confirm another SS Buy Signal before buying.
Per my DOE Sample worksheet, since no one knows the exact price when the Simple Simon Buy Signal hits, I extrapolated an (R1) targeted $20.00 entry price.
This would give us 25 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.
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 me at firstname.lastname@example.org.
If you have questions, please send to email@example.com.
Enjoy your weekend,
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. England2017-03-31 21:48:102017-10-19 20:39:21Step 2 3.31.17