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Whether you are looking to create a wealth-building portfolio or actively seeking a new trading edge, this site will help you succeed in the markets. The information at this website is based entirely on the methodologies of Dr. Charles B. Schaap, the author of ADXcellence—Power Trend Strategies and Invest with Success—Big Profits for Small Investors.
Each trader’s path of learning will be unique and influenced by his/her personality trait and abilities, but most everyone needs a foundation of basic principles. This website contains resources and tools designed to help you learn what is necessary to build an investment portfolio or develop a winning trading strategy.
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Chart courtesy of TC2000.
HOW TO TAKE PROFITS
Trade management is the key to banking consistent profits, and EPAM Systems (EPAM) provides a good example. Following the ProTrend (50/50) Strategy, the stock was listed as a ProSelect stock (www.TradeLikeAPro.com) on the 6h of June (1), and it triggered a buy signal on the 9th of June (2).
The stock rose quickly and hit its 1st target on the 27th of June (3) where partial profits were taken for a gain of +12.05%. Taking profits at preset targets allows the investor to capture profits on the way up and to decrease the risk of giving back unrealized profits during a retracement. Note how price fell after price hit the 1st target (3). Had the investor not sold at the 1st target, he would have seen virtually all of the profits erased. When this happens, one often wants to sell the stock for fear of getting stopped out, which in this case, would have been a mistake. EPAM went on to hit its 2nd target on the 9th of August (4) where additional profits were taken for a gain of +23.36%.
The stock was then allowed to "let profits run," and the position was not exited until it was stopped out on the 8th of November for a gain of +41.80%. Note how price remained above the 50 moving average (blue) for the entire length of the trend until it was stopped out. That is classic 50/50 Strategy for a High Riser type trade. EPAM is now entering a new consolidation period, and it may set up again for another leg of the long term trend.
See Dr. Schaap's Inverviews with MoneyShow.com (click on titles below)
Never Miss A Sell Signal
Master the 50/50 Strategy
E-mini Trading Made Easy
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