The Golden Cross is a key technical market moving event. What is it? The Golden Cross occurs when the short term moving average (MA) crosses over the longer term moving average (MA).
The Golden is most commonly identified when the 50(MA) crosses over the 200(MA). In our October 3rd WTB Weekly Report we highlighted the 50 Day MA crossing over through 200 Day MA. The Golden Cross provided a technical surge to close the DOW over 11000 for the first time since May.
Published on 04-20-2010 06:26 PM
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Trading Strategy: The POWER OF TEN(POT)™ 10 trades to becoming a millionaire.
The (POT)™ is a strategy in which the ambitious investor must adopt a certain mindset and the virtues of patience, courage, and discipline. Luck is a key ingredient to the strategy, as one bad trade can set you back to the starting gate. Critics might argue that this is a black Jack-like strategy, where a halt , FDIC seizure, or another material event is the equivalent to a dealer's black jack hand. Wall Street allows one thing that a casino does not. The Street allows the savvy investor a way to stack the odds more in his favor through proper fundamental and technical analysis. Critics might argue that getting 10, 100% gainers is an amazing feat and is the stuff of Wall Street legends. Wakingthebull.com has been known to make the impossible possible with the help of the legendary (IHITS™) trading system, and some of the best traders on the internet, a place where anything is possible and dreams can come true.The POWER OF TEN (POT)™ is one strategy that applies the law of compounding interest. A simple concept, but when applied correctly can yield extraordinary gains. In fact, its power is extraordinary, a $1000 investment could reach 1 million in 10 trades.
That's 99,900 % In 10 Trades:!!!
Feel The Power!!!!!!!!!!!
Stacking the Odds Using IHITS™ The first ingredient we need to increase the chances of success, is to find stocks that have the highest probability of delivering huge gains. IHITS™, by its nature, scientifically identifies the stocks with the highest potential profit. In fact, last year IHITS™ identified 223 alerts, 83 or 37% did over 100%.
Stick to the plan. We use the $1000 as an example, and can be modified per your style. This strategy assumes a set risk of the initial capital invested. However, one might allocate a certain % of a portfolio into running multiple (POT)™ strategies. In addition, it can be combined with other trade strategies and carried out simultaneously, as long as you stick to the plan and allocate $1000 for the (POT)™.
A example, you buy 10,000 shares of XYZ stock @ 1.00, 1000 shares needs to be sold at 100%. The rest is your decision depending on your other trading strategies. You might apt to sell higher in stages or even ride free shares(initial investment off the table and profits in shares) for a possible IHITS™1000% gainer, its all up to you and your plan.
'It's easy to be right, but hard to be right and sit tight.' Jessie Livermore
In attempting this strategy, you need to weather all the market's gyrations on your way to the 100%. This might be unnerving as we know that where there are high rewards there can also be risk and times of severe volatility. You have to have faith and hold tight. In these days of day trading, everyone wants instant gratification and they want it now. Even though IHITS™ is famous for consistently identifying candidates with the highest profit potential, there is no assurance the quest for POT™ will be successful. The biggest step to success when implementing the POT™ is superior stock selection. It's imperative we select stocks that have the highest potential probability for success, while using optimal market timing in hopes to limit the duration of hold time.
Now, realize this strategy could be adapted for X%, but then you take an increase risk with the number of trades. We based it on ten trades to increase the probability, based on IHITS™ back tested performance, The goal when creating POT™ was to provide a strategy for those who can't watch the market every moment. Feel free to modify to your style, whether it be 10 100% in a row, or 100 20% gains in row. However, remember that as you increase the number of trades in a test sample, you also increase your risk of a Wall Street wipe-out.