MeYou:

Goodguysthosel
ostpl
easeunder
standthatstockmar
keti
sadoubl
eedgedswor
d..
.andt
he
amountuloseist
obeconsider
edasfeestolearn.

Somemistakesarecostl
yandwil
lcostumore..
.somear
echeap.
..
whatev
eriti
sumustlear
n
whyurtr
adewentwr ong.
..
.andot
hersmustal
soconsi
derwedon'
thaveenoughmoneyorti
me
tomakeallmist
akes..
.sowemustlearnf
rom ot
herst
oo..

Bal
asubr
amani
anA:

Thi
ssy
stem i
scal
l
edBS30

Buysel
lwi
thi
n30mi
nut
esofmar
ketopeni
ngi
stheAbbr
evi
atedf
orm

Bal
asubr
amani
anA:

Thewat
chst
art
sfr
om 3mi
nut
es-30mi
nut
esf
rom oepni
nb

Bal
asubr
amani
anA:

Nowwhatdat
adoweneed

Scr
ipname

Whet
heri
t'
sweakorst
rong

Todayopen

Yest
erdaycl
ose

Daybef
orey
est
erdaycl
ose

Bal
asubr
amani
anA:

Daybef
orey
est
erdaycl
ose>y
est
erdaycl
osest
ockweak
Daybef
orey
est
erdaycl
ose<y
est
erdaycl
osest
ockst
rong

Bal
asubr
amani
anA:

Howt
ocal
cul
ateBS

Todayi
sJune20

Takebi
oconJune19

Hi
ghandl
ow

Cal
cul
atehi
gh-l
ow

Thi
siscal
l
edr
ange.
.

BS=Range/
3

Bal
asubr
amani
anA:

Sayf
oregbi
oconJune19

Hi
gh622

Low606.
95

Range=15.
05

BSv
alue=15.
05/
3=5.
01
Bal
asubr
amani
anA:

Nowuknowt
his

1.
Bioconi
sweakcat
egor
yst
ocksowel
ookt
osel
l

2.Bi
oconBSv
aluet
odayi
s5.
01

Sonowwemov
etonextent
it
y..
.t
hat
'
sdeci
dingcr
uci
albuypr
iceandcr
uci
alsel
lpr
ice

Bal
asubr
amani
anA:

Buypr
ice=pr
evi
ouscl
ose-BS

Sel
lpr
ice=pr
evi
ouscl
ose+BS

Bal
asubr
amani
anA:

Whi
chmeans

Bi
oconbuy=608.
8-5.
01=603.
8

Bi
oconsel
l=608.
8+5.
01=613.
8

Bal
asubr
amani
anA:

Nowf
inal
par
toft
hest
rat
egy
..
.

Lookf
oropenpr
ice

I
fopenpr
icei
satorbel
owurcr
uci
albuyv
aluet
henbuyt
argetwi
l
lbecr
uci
alsel
lval
ue
I
fopenpr
icei
satorabov
eurcr
uci
alsel
lval
uet
henushal
lsel
landt
argetwi
l
lbecr
uci
albuy
v
alue

Bal
asubr
amani
anA:

Uhav
etocal
cul
atecr
uci
albuyandcr
uci
alsel
l

I
fst
ockopensatorbel
owcr
uci
albuyuwi
l
lbuyi
t

I
fst
ockopensatorabov
ecr
uci
alsel
lushal
lsel
li
t