Jack Carters Book "Profit Rich Stock Trades" Review

[Deaddog]

CIE is apparently "Resting" before marching higher. I have more stocks on my posting site.
Dead the next 5 days Tuesday til Monday 1/24/12 will provide us with some results ......then we can evaluate what happened.

What happens in the next week is meaningless. It’s a crap shoot. If the market goes up we’ll probably make money. If it goes down we might lose some. Over the course of a year it’s only 3 trades.

It shouldn’t make any difference if you win or lose the contest, what should matter is whether you make any money or more important if you limit the amount you lose.

I sort of understand how Jack picks a stock. He looks for stocks making new highs, that are trending upwards, that have the probability of moving a couple bucks or more in the next 2 to 10 days.

What I failed to get out of my book is what happens after ten days?

You said that we have different books. I’m just trying to determine if there was more info in your book than in mine. Mine didn’t mention the 5/8 exit plan. Is that a Jack thing?

[Deaddog]

DPS filled @ 37.99
So far;
POT gapped up no fill
WPX no fill

[Deaddog]

Scratch WXP trade as it was dropping.
Buy VPHM @ 29.23

[Deaddog]

Scratch POT Trade;
Buy MSTR on a breakout play @100.70

POT gapped up and I missed my entry. Nothing else on my list looked good. ENB had possibilities but I ran some quick scans and found MNST.

This is what I consider to be a Jack Carter Pick.
Hitting an all time high in a nice uptrend.
Stop at 97.90 with a target of 110.

[Phoenix7]

2 for jack bki and wprt

Dead .....JACK would have been proud of BKI and WPRT , these 2 stox typify the momentum type stox JACK would have wet dreams about LOL

PHOENIX7

[Deaddog]

Dead .....JACK would have been proud of BKI and WPRT , these 2 stox typify the momentum type stox JACK would have wet dreams about LOL

PHOENIX7

That’s why you don’t enter on the open. Wait till you find a stock that’s going in the direction you want and buy at market. As a trader you need every advantage you can find.

[Phoenix7]

Dead

That’s why you don’t enter on the open. Wait till you find a stock that’s going in the direction you want and buy at market. As a trader you need every advantage you can find.

Dead we are all hear to learn , one must keep an open mind and entertain all thoughts on the matter. That is why I like Mr Market Is Huge .
I am all ears when it comes to NEW methods , but as we all know not all will be gems.

[Deaddog]

Dead we are all hear to learn ,

Exactly!! Thats why it would be nice if you'd answer the questions you get asked. For the third time, is the 5/8 exit strategy from Jack Carter?

[Deaddog]

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[Phoenix7]

Dead eye

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Thanx for the great flow sheet ......EXCELLENT WORK!

NO the 5/8 system is not Jack Carter , but something I read on the internet awhile back. Jack from what I can ascertain , sets his stop based on the 20, 50 200 EMA averages he uses when plotting the stocks. For me that system is abiguous.......I like a more precise exit. The other program I like is www.dreamtai.com beautiful program that gives you a BUY price , STOP , and also tells u how many stocks to buy based on your portfolio size.

[Deaddog]

stop hit on DPS

[Deaddog]

sets his stop based on the 20, 50 200 EMA averages he uses when plotting the stocks. For me that system is abiguous......

I guessed that his trend points were MAs but wasn’t sure whether he use EMA or SMA, also wasn’t sure which ones he used. My guess would have been 8, 21 and 55.

[Deaddog]

.I like a more precise exit. The other program I like is www.dreamtai.com beautiful program that gives you a BUY price , STOP , and also tells u how many stocks to buy based on your portfolio size.

It’s not where you place your stops it’s whether you have the discipline to honour them.

Looks like Dreamtia uses EOD data to determine trend changes. In order to hit a entry price the trend change has to continue. Position size is determined by taking 2% risk on each position. . Support and resistance is used to determine stops. Not unlike the Old Dog.

I never liked blackbox systems. If I don’t know how they come up with their signals how can I trust them?

[riverbabe]

I never liked blackbox systems. If I don’t know how they come up with their signals how can I trust them?

Precisely why I don't like Vector Vest.

[Deaddog]

Precisely why I don't like Vector Vest.

Or IBD or any of the other ranking systems