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Pristine’s Cardinal Rules Of Trading

Pristine’s Cardinal Rules Of Trading
Pristine’s Cardinal Rules Of Trading

Rules Of Trading Rule 1: “Do not buy any stock that gaps open more than $0.50 above the prior day’s close OR our recommended buy price, whichever is higher.” Example: “We’ll look to buy XYZ Corp. once it trades above $50.00.” This means our ideal entry price will be $50.06, or 1/16th above $50.00. The […]

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Pristine's Cardinal Rules Of Trading Any gap greater than this would be more than our allowable $0.50 allowance, and render the play invalid.

Rules Of Trading

Rule 1: "Do not buy any stock that gaps open more than $0.50 above

the prior day's close OR our recommended buy price, whichever is higher."

Example: "We'll look to buy XYZ Corp. once it trades above $50.00."

This means our ideal entry price will be $50.06, or 1/16th above $50.00.

The stock actually opens at $50.56, or $0.50 above our ideal entry price of $50.06.

This is the maximum gap we allow. Any gap greater than this

would be more than our allowable $0.50 allowance, and render the play invalid.

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  • عنوان مقاله : Pristine's Cardinal Rules Of Trading
  • نوع فایل : PDF
  • حجم فایل : 740 کیلوبایت

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