Hawk’s Scan Sentry Report for Monday March 21
This weekend I attended an excellent seminar presented by ‘Crosshairs Trader’ David Blair ( www.thecrosshairstrader.com ), wherein he preached some of the sacred proscriptions of trading. We all know them, of course: focus, patience, discipline, strategy; and we usually try to trade by them. But for those of us who are human and imperfect (Goldman Sachs’ algorithms excluded), he provided an enlightening and inspiring discourse on some of his revelations and techniques toward trading. I left the meeting feeling inspired that, given an unshakable faith in a verifiable edge and a righteous commitment to the commandments of my money management plan, I could handle the dangerous vipers of the markets and prosper in the glory of an ascending equity curve. Hallelujah!
So, being particularly wary of the general volatility and the uncertain nature of our current market condition, I turned to my Scan Sentry Toolkit to help me try and locate any stocks which may fit the criteria for my own set-ups. The following showed potential for short term entry positions this week. Remember, the virtues of resolute money management (stop lines and profit parameters) are the difference between life and death in your trading account.
CBR Radar1&2, TTT6
CRL Radar1&2, PB23
EDU TTT4, Flg
May the trend be with you,
Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only. It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading. Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor .