Reader Jeff requested Bucyrus International, Inc. (Nasdaq: BUCY) for our stock of the day, and I’ve complied. :-)
As always, I show the whole day on a super-simple trend-following system using a couple eotpro indicators. I take all the setups and exit when the volume pressure changes color, no questions asked. I want to leave very little room for discretion, so that you know I’m not just making stuff up… these indicators are really good! Period. (I should know… I developed them myself)
We have 7 trades, for 5 wins and 2 losses. The net gain was $0.95 per share.
Enjoy!
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| BUCY |  |  |  |
September 10th, 2008 at 8:47 pm
i have been trying to figure out how you know when to go long/short on these stocks. i see you exit when the volume changes color but what exactly is telling you to long/short the stock? thanks
September 10th, 2008 at 8:58 pm
In one of the early posts I outlined the entry idea. I should make a video of one of these, so you can hear me talk through an example.
September 10th, 2008 at 10:57 pm
okay, i check to see if i can find the post. thanks