Changes in the Conservative Scan

The Conservative Scan is changing tonight. Many of your stops will have changed.  Be sure you are aware of the new Stops.

After back-testing the results of the new format, it is a must that we implement this change. Many are timid about taking profits.  This will help you be a better money manager of your portfolio.

The new rules for the Conservative Scan on all Stocks, ETFs, Futures and Forex will be the same.

ALL CONSERVATIVE SCAN STOPS ARE HARD STOPS, ONCE THE 50% TARGET IS ACHIEVED.  IF THE  50% TARGET IS NOT ACHIEVED ONLY EXIT THE TRADE IF THE PRICE CLOSES BEYOND THE STOP PRICE. ONCE THE MOVING STOP OVERTAKES THE BREAK EVEN STOP THE MOVING STOP BECOMES A HARD STOP.

1.Once the 50% target is hit the stop, the exit will be automatically moved to where you entered the trade.   You will have taken 50% of the original size of the trade off.  If you bought or sold 100 shares or contracts, when your target of 50% is reached, you will take off 50 shares. This means that you cannot lose money on this trade. You will have locked in a profit from entry to the 50% target for half or 50 shares or contracts. When the moving stop price exceeds the price where you entered it will show as a continuing moving stop.

Example:

Entry price   Stop Price    50%Target Price    Shares

$10.00              $9.00              $12.00            100

When Price makes it to first target

Entry price      Stop Price    50%Target Price      Shares   Guaranteed Profit

$10.00           $10.00           $12.00                  50                $100

3.At this point you stay in the trade until your stop is hit. You have made at least 10% and you are still in a trade with no risk.

2.Once the 75% target is hit, the stop for the exit will be automatically moved to where you took profits at the 50% target.   You will have taken another 25% of the original size of the trade off.  If you bought or sold 25 shares or contracts, when your target of 75% is reached, you will take off 25 shares. This means that you cannot lose money on this trade and you have locked in more profits. You will have locked in a profit from entry to the 50% target for all of your 100 shares or contracts and 25% from the 50% target to the 75% target. When the moving stop price exceeds the price where you took 75% profits it will show as a continuing moving stop.

Example:

Entry price      Stop Price    50%Target Price    Shares

$10.00             $9.00            $12.00                  100

When Price makes it to second target

Entry price      Stop Price    75%Target Price    Shares    Guaranteed Profit

$10.00          $12.00            $16.00                 25                  $300

3.At this point you stay in the trade until your stop is hit. You have made at least 30% and you are still in a trade with no risk.