THE BASICS – GLM STOCK SIGNALS™

How do our signals work? – GLM STOCK SIGNALS™

An example of our signals would be “\$PRGO SHORT BELOW \$65.20, SL \$66.30, TP (X)”

You would use a STOP LIMIT order… your stop will be \$66.30 and your limit will be at least 4 cents below your stop. We like to put our limit order 4-10 cents depending on the stock.

This is the same in the reverse direction…

“\$PRGO LONG ABOVE \$66.30, SL \$65.30, TP (X)”

STOP – \$66.30…LIMIT \$66.34 <— This is the order you would enter into your montage.

Your STOP… the stop will be at \$65.30 and you can use a hard stop or a mental stop, the \$65.30 cent stop will be based on your desired entry price…I.E…\$66.30.

What are R’s? – GLM STOCK SIGNALS™

How many shares?

R = your risk unit (what you’re willing to risk per trade)

If you are trading a setup/plan with a \$0.20 cent stop loss and you’re willing to risk \$50.

You calculate share size: 50/0.20 = 250 shares.

The number of R’s you collect is calculated by the move.

1R (1:1) = \$0.20

2R (2:1) = \$0.40

3R (3:1) = \$0.60

… and so on.

Ideally, you want to take a partial before 1R; some prefer 0.5R. Some look for 0.8R. Then you set the rest of your position to a break-even stop.

Save this, practice it, and make this part of your constant thought process before entering a trade.

This is more IMPORTANT than you can imagine.