Skip to main content

Want to steal Warren Buffet's Stock Market Lesson Plans (Stocks)?

Why would you want to borrow a stock market lesson plan from someone else? Let me start by saying that a trading plan is only beneficial if you stick to it. Following your project will help you succeed, yet many traders ignore their carefully devised stock market lesson plans. Instead, they become so emotionally immersed in a trade that they disregard any warning indications. Remember that when the market corrects itself, which it always does, no position is exempt, no matter how vested your ego is in it. Many investors have stock market lesson plans in place, and they will continue to hold their positions even if their portfolio values are slashed in half. This is because they may be afraid of missing out on a big profit or being in such deep of a loss that they can't possibly sell at that time. However, even if you believe that all positions will return from their failures, which is unlikely, this is a lousy strategy to trade. When you invest too much money, your rate of return ...

Metastock Part 3: Relative Strength Comparison (RSC) The Key Success Tool In Trading By Stock Market Sectors (MT) Metastock Part 3: Relative Strength Comparison (RSC) The Key Success Tool In Trading By Stock Market Sectors (MT) Metastock Part 3: Rel

I discussed how to code the first two of the four critical components of a mechanical entry system in Part 2 of Designing a Trading System in Meterstick. First, I explained how pricing and liquidity are coded. The steps for coding the last two components, trend and volatility, into Meterstick will be covered next in this article. You will have all of the codes for a mechanical entry system in the end.


Let's start with identifying trends. When trading, keep in mind that 'the trend is your friend.' It would be best always to try to work with the movement rather than against it. Consider this: if you were swimming in the water and got trapped in a riptide, would it be simpler to swim with or against the current? Trading with a trend is the same way.







Trends can be identified in various ways, and the method you pick isn't especially significant. You must, however, utilize one. For example, finding stocks trading at their current highs is one of my favorited ways to spot trending stocks. This can be accomplished by specifying that the highest price must have occurred during the last 'x' number of days. You can visit at www.exchangebuz.com for more information.



The variables you use will, once again, be determined by your trading time frame. However, in this case, you want the highest price in the previous 240 days to have occurred within the last 20 days.


You can discover the syntax of the highest high function in the formula reference part of the Meterstick Programming Study Guide and then plug in the details. You can then define the number of days that must be fewer than 20 by using the 'less than sign. That might be expressed in Meterstick as:


Hvar's(H,240) 1.5 and

 ATR(21)/Move(C,21,S)*100 1 and 

Move(v,21,s)*C > 200000 and 

Hvar's(H,240) 1.5 and

 ATR(21)/Move(C,21,S)*100 6 and 

Hvar's(H,240) 1.5 and 

ATR(21)/MO(C,21,S)*100 6


You've created a functional entry system. You not only created a solid design, but you also followed the KISS philosophy (Keep It, Simple, Simon). This system can be copied and pasted into Meterstick's Explorer. On the other hand, the entry is only the start of a successful trading method. The other components you'll need to construct a lucrative trading system will be covered in later chapters of this series.

Popular posts from this blog

Credit card for 0% APR credit cards | ExchangeBuz.com

Countless credit card providers gave 0% APR credit cards to many people during the days when federal bank interest rates were at their lowest, specifically in 2002 and 2003. Smart individuals could charge up to their credit limits without incurring monthly interest costs by just paying the outstanding balance. When these cards were at their pinnacle of popularity, some individuals wondered how credit card companies profited from this type of strategy. That's a great question! Let's take a look at 0% APR credit cards, how they function, and whether they're still available today. You might be shocked by the responses!  Fees for being late. You'd think that if customers had a credit card with a 0% APR, they'd always pay on time. Many people, on the other hand, do not. As a result, credit card companies would charge a late fee every time a payment was received late. The costs, which range from $19 to $39, can mount up quickly, especially if someone is frequently late. R...
Read more

"Penny Wise and Pound Foolish" is a phrase used to describe wise people with their money but foolishness.

When I was reading my Icon newsletter, this phrase came to me. JL was talking about topics that Chuck and I frequently discuss. While listening to Jim Edwards' audio newsletter a few weeks back, he ranted about "crazy freebie seekers" (I love that name). Jim is almost as good as Dennis Miller when it comes to ranting. Anyway, these two newsletters and what they had to say have been rolling around in my head for a couple of days now. What came to mind is that people who run Internet businesses from their homes are no different than those who ran businesses out of their homes in the 80s…..they don't want to pay for anything. You would think with all the failed companies they've had, it would dawn on them that it is because they have done no research, no business plan, and no determination on whether or not there is a market for their business in their vicinity. They don't make mission statements. I could go on and on. Unfortunately, too many people still think ...
Read more

"Online Credit Card Usage" - The Ultimate in Convenience

Online credit cards combine commerce and technology into a single package. Knowledge and communication barriers were broken with the introduction of the internet. With the internet came e-shops, or virtual shops that only existed online. You might shop at these stores and pay with your credit card over the internet. The goods were delivered to your home when the online credit card payments were validated and approved. This is what we mean when we say "ultimate convenience." Using a credit card online is becoming increasingly prevalent as more and more e-shops emerge every day. Accepting credit card payments over the internet has given shopping a whole new meaning. You may now buy these things not just from the comfort of your own home, but you can also save money. This is just amazing. You don't have to be concerned about the weather, traffic, or anything else. Instead, visit an e-store, select a product, pay using an online credit card, and wait for the products to come ...
Read more