Popular Posts

Monday, 29 June 2015

Let me share my views on TP or you can said Esc P (Escape Price) before I go run some errand.



Let me share my views on TP or you can said Esc P (Escape Price) before I go run some errand.

THIS IS  BASED ON TRADING.

TP is usually based on your open position/s or your projection of the counter.

1. You can choose to TP at the next historical resistance/simple moving average in the chart if you  feel the trend is still down trend (in a buy position) . Do the reversal in a short position.

Most retailer will see historical support or resistance as a guage.

2. You can choose to take partial TP if your plans and position allow.

This is especially so when you see momentum but you are not sure you are right a not.

3. You can ride your full position or partial position when you did homework and know there is a reason for more buyer to bring up the price.

This is especially so when you have a good margin of safety by buying at support instead of buying into resistance.

4. After you open your position and you see poor momentum or closing price is lower then opening price, you have to be mentally prepare to use ESC Price to lower the loss.

This is especially so when you buy with hope and you already see pump and dump in action.

Escape Price can range from the last low of the previous price action or your trailing stop criteria.

Escape Price could be the matching price if you fail to close your position at the price you set for yourself.

Point 4 is also applicable to all the above 3 points as a follow up.

Last but not least, you can check out my earlier post on Stop Loss which is also applicable for all the above 4 points.

http://kenichiwealthmanagement.blogspot.sg/2015/06/let-me-share-alternate-view-in-stop.html

Trade and Invest Safely Everyone!

1 comment:

  1. EDWARD JONES FINANCE IS THE BEST PLACE TO GET A LOAN {Jonesloanfinance@yahoo.com},
    God bless you sir, I will not stop telling the world about your kindness in my life, I am a single mum with kids to look after. My name is Emily Thomas, and I am from Convention Center Drive, Miami Beach, FL . A couple of weeks ago My friend visited me and along our discussion she told me about EDWARD JONES FINANCE, that they can help me out of my financial situation, I never believed cause I have spend so much money on different loan lenders who did nothing other than running away with my money. I have been in a financial mess for the pass 7 months now,She advised I give it a try so I mailed him and explain all about my financial situation to him, he therefore took me through the loan process and gave me a loan of $390,000.00 at a very low interest rate of 2% and today I am a proud business owner and can now take good care of my kids, If you must contact any firm to get any amount of loan you need with a low interest rate of 2% and better repayment schedule, please contact EDWARD JONES FINANCE email:- {Jonesloanfinance@yahoo.com} OR Text +1(307) 241-3712 or go to there page on http://jonesloanfinance.bravesites.com

    ReplyDelete