My Trading Plan
This is a very positive signal! because have 5 consecutive wave degrees show a clear POSITIVE trend also indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!
This signal applies to Institutional investors, Institutional trader and long term investors for price moves of possibly 30% or more, since Primary, Intermediate and Minor Wave degrees are all up. below is the Investors/Traders plan base on Elliot wave count, I will collect more on weakness near $1.20 and Scale in more when breakaway from $1.26 because I am anticipate it will reach target of $1.30/$1.37/$1.49 progressively.
Type signal : Retrace, Aggressive
Applies to : Institutional Investors
Conservative Target :$2.80
2nd Target :$3.90
Wave degree (1st) :Cycle
Late Exit Alert :$0.50(close below)
Earlier Exit Alert :$0.50(close below)
Type signal : Retrace, Aggressive
Applies to : Institutional Traders
Conservative Target :$1.64
2nd Target :$1.93
Wave degree (1st) :Primary
Late Exit Alert :$1.00(close below)
Earlier Exit Alert :$1.00(close below)
Type signal : Retrace, Aggressive
Applies to : Retail Trader/Retail Investors /Position Traders
Conservative Target :$1.30/1.37
2nd Target :$1.49
Wave degree (1st) :Intermediate/Minor/Minute
Late Exit Alert :$1.10(close below)
Earlier Exit Alert :$1.14(close below).
Elliot Wave Count Study
Weekly chart - Wave 2 correction ended at $1.00, Cycle wave apply to Institutional Investors, it show wave 3 kicked in, typical target 100% and 161.8% of fibo expansion, which is $2.80/$3.9.
This chart is 2nd level detail of Cycle wave, it show wave 2 end with WXY, which is Double ZZ.
Primary wave in Daily chart which is apply to Institutional trader- Wave 2 correction end at $1.15. Wave 3 kick in heading to target of fibo extension 100%/161.8%, price $1.64/$1.93.
Intemediate wave in Daily chart which is apply to Investors- Wave 2 correction end at $1.17. Wave 3 kick in heading to target of fibo extension 100%/161.8%/261.8 price $1.30/$1.37/$1.49.
DISCLAIMER:
This is a very positive signal! because have 5 consecutive wave degrees show a clear POSITIVE trend also indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!
This signal applies to Institutional investors, Institutional trader and long term investors for price moves of possibly 30% or more, since Primary, Intermediate and Minor Wave degrees are all up. below is the Investors/Traders plan base on Elliot wave count, I will collect more on weakness near $1.20 and Scale in more when breakaway from $1.26 because I am anticipate it will reach target of $1.30/$1.37/$1.49 progressively.
Type signal : Retrace, Aggressive
Applies to : Institutional Investors
Conservative Target :$2.80
2nd Target :$3.90
Wave degree (1st) :Cycle
Late Exit Alert :$0.50(close below)
Earlier Exit Alert :$0.50(close below)
Type signal : Retrace, Aggressive
Applies to : Institutional Traders
Conservative Target :$1.64
2nd Target :$1.93
Wave degree (1st) :Primary
Late Exit Alert :$1.00(close below)
Earlier Exit Alert :$1.00(close below)
Type signal : Retrace, Aggressive
Applies to : Retail Trader/Retail Investors /Position Traders
Conservative Target :$1.30/1.37
2nd Target :$1.49
Wave degree (1st) :Intermediate/Minor/Minute
Late Exit Alert :$1.10(close below)
Earlier Exit Alert :$1.14(close below).
Elliot Wave Count Study
Weekly chart - Wave 2 correction ended at $1.00, Cycle wave apply to Institutional Investors, it show wave 3 kicked in, typical target 100% and 161.8% of fibo expansion, which is $2.80/$3.9.
This chart is 2nd level detail of Cycle wave, it show wave 2 end with WXY, which is Double ZZ.
Primary wave in Daily chart which is apply to Institutional trader- Wave 2 correction end at $1.15. Wave 3 kick in heading to target of fibo extension 100%/161.8%, price $1.64/$1.93.
Intemediate wave in Daily chart which is apply to Investors- Wave 2 correction end at $1.17. Wave 3 kick in heading to target of fibo extension 100%/161.8%/261.8 price $1.30/$1.37/$1.49.
Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.