Introduction to the Key List™
- Purpose: The Key List™ is the most powerful tool we provide, designed to help VIP Members identify high-potential stocks based on meticulous technical analysis. It’s your go-to list for the trading day.
- Selection Criteria: Stocks are chosen based on a combination of solid fundamentals and technical setups. While not necessarily the top leaders in their fields, these stocks have strong chart patterns and are positioned for potential profitable moves.
Daily Preparation
- Evening Review: The Key List™ is prepared each evening for the following trading day. Import the Key List™ using the provided CSV file into your trading platform to have quick access to the selected stocks.
- Study the Charts: Review the charts of the stocks on the Key List™ and familiarize yourself with the buy points, which are determined through detailed technical analysis. Set your alerts slightly before the suggested buy points to give yourself time to act.
Setting Alerts and Entry Points
- Alerts: Set alerts a little before the buy points provided on the Key List™. This ensures you are prepared as the stock approaches the buy point.
- Buy Stops: If you cannot monitor the market all day, consider setting buy stops on up to three stocks depending on market conditions. This allows you to automate your entries.
- OCO Orders: Utilize OCO (One Cancels Other) orders. Once a buy stop is triggered, manually set an OCO order to sell 20% of your position into strength and 100% of your position at a stop loss. Use a “First Triggers OCO” setup to automate this process.
Managing Your Trades
- Scaling into Positions: When we buy, we scale into a position using the SMART Add-On method or the Pyramid method. Check out our video on SMART Add-On and Pyramid Buying for additional information.
- Setting Sell Limits: As the stock starts to move up after purchase, consider setting a sell limit to sell 20% of your position into strength. This helps lock in profits and provides a cushion to avoid round-tripping the trade.
Using the Key List™ Throughout the Day
- Monitor the Market: Use the Key List™ to stay focused on the stocks that meet our criteria.
- Put the Market to Work for You: By following the Key List™ and managing your trades effectively, you can put the market to work for you, increasing your chances of success.
