EOM Garden II Prep: Step 6 4.12.17
We don’t have to be smarter than the rest. We have to be more disciplined than the rest. Warren Buffett
The “Rules of the Road” document in the “Members Vault” is designed to help you become a more disciplined trader/investor. Do you have yours completed? DOE ———————————————————————————————————-
Thank you for your positive feedback from yesterday’s BLOZF post. Next Tuesday, I feature another favorite from the group….growing in popularity.
The coiled spring gets tighter with the SPX. Yesterday, the lower trendline was tested.
Allocate amounts/prices/shares of PCI 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 PCI
Action Points for Setting Alerts
1. Price closes under the 6 SMA
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.
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.
Tomorrow we begin the All-Star B Performance analysis for our next Garden. No daily message on Friday.
Enjoy your day,
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. England2017-04-12 12:46:122017-04-12 12:59:16Step 6 4.12.17