Entries and Exits

Entries:

• confirmed bounced, close higher than the high of the low day, can be hollow or filled candle, full position size
  
• unconfirmed bounced:
  
  • uptrending stocks,
    
  • low of the day falls between 33% and 66% retracement of the last upswing.
    
  • must be a up day with hollow candle, enter on Bullish Engulfing, Bullish Piercing Line, Bullish Belt Hold.
    
  • half position size, add the next half on the confirmed bounce (sometimes on the confirmed bounce, the risk is too high to enter the next half).
    
  
  
• Note: position sizes are determined first by risk, then relative to my overall portfolio.
  
• breakouts: volume confirmation on 1 mil or less issues.
  

Stops:

• $0.20 below support, if it is on the dollar, move to 0.92
  
• move the stop up to break even when the stock move $2.00 in my favor intraday
  
• in a sideway market, trail the stop at the end of day everyday relative to the low of the day.
  
• move stop relative to the higher low in trending market on a daily chart.
  

Exists:
1) sell 80% at 90% of the target and tighten the stop