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Checking the intraday chart of a stock is most important when trading. Does it mean it’s not important when you’re investing? It is useful when you’re investing, too.
In the Stock Signals, there’s a portion for traders and investors. For those who would like to trade, they go to the Trade Alerts section. For those who would like to focus on investing, they go to the Investors’ Picks section.
As far as our long-term position investing strategy is concerned, we buy within a specific Buying Range. I’d like to clarify that we don’t call it a Buy Below Price, but Buying Range. This Buying Range is calculated by the system based on how the chart has moved within the current trading period. The system calculates the most probable lowest range that it might revisit during the trading period.
Does this mean my clients who are investors (not traders) still have to check the chart for that purpose? Not at all. They can see the numbers in the Investors’ Picks table. As previous stated, the Buying Range is automatically calculated by the system every 30 to 60 minutes.
So, if today’s your top-up schedule for your long-term portfolio, all you have to do is log in to your Stock Signals account and go straight to the Investors’ Picks table. Check if the your stocks that you’d like to top-up with have a BUY rating. If they have a BUY rating, check the recommended Buying Range. That’s where you’ll place your order.
If the stock or stocks that you plan to top-up with do not have a BUY rating, go back to your Stock Signals’ dashboard after 30 to 60 minutes for the update.
Why don’t we just use the Buy Below Price strategy that some brokers readily have on their stock recommendations?
I don’t find the idea of buying below the Buy Below Price beneficial. You’re missing the opportunity to buy within the lowest possible intraday range if you’ll just buy whatever price is on the ask spread during your top-up schedule.
Here are the typical steps that an investor, who is guided by the Buy Below Price parameter, does on his top-up schedule.
- Log in to his online broker’s account.
- Check the Buy Below Price from whoever his support provider is.
- Go to the bid-ask spread and place an order at any price shown at the ask spread for as long as that price is below his Buy Below Price.
Here’s what investors in the Stock Signals do.
- They log in to their Stock Signals account to check the status and Buying Range assigned to the stock or stocks they’d like to top-up with.
- They log in to their online broker’s account.
- They go to the bid-ask spread to place an order NOT at “whatever price” that’s in there but at a price that is only specified in the recommended Buying Range.
If the lowest asking price in the spread is P100.00, why would you buy at P100.00 if you have a Buying Range of PP95.00-P98.00?
In other words, my Investors’ Picks has a system in place that tells this to my clients:
Now, if you’re not my client and you want to apply the Buying Range kind of thing in your strategy, you’ll have to manually check the intraday price movement of your stock do some Arithmetic in connection to the volume in between intervals. My clients (the investors) don’t have to that. They’re busy people so I don’t like to give them an extra task but convenience in making a data-driven decision on long-term position investing.
See the intraday charts of $ANI, $CROWN, $MAXS, $PXP, and $SCC below. These charts were generated as of recess.
In the Stock Signals, every decision made is based on data. Although I incorporate technical analysis in investing, it doesn’t cause an extra work for you. Leave the work to me. You take the profits. Period.