Vincent

5 Steps to Trading Success Using Technical Analysis By Tim Huang This article is for both novice and experienced traders. 1. Simple is better - Use a handful of technical indicators There are dozens of technical indicators out there. It is a mistake to apply all of them at the same time as many indicators give contradictory signals and you will never find a stock that meets the requirements of all indicators. Instead, you should focus on four to five indicators to make a trading decision. Some of the popular ones include Moving average (MA), Exponential moving average (EMA), MACD, Stochastic and so on. 2. Back test your indicators with historical data Use the technical indicators you learn and test them with historical data. The more tests you do, the better. Develop a trading system that works for you based on your testing results. Try to break your system with more stocks and historical price. 3. Paper trade using your trading system You should spend at least one month testing your system with end of date market data. Select a few stocks that meet the requirements of your technical indicators and see how they are doing each day. 4. Set a proper stop loss No matter what stock you choose, you should always set a stop loss point. Do not hold a losing trade too long hoping it will rise again. Remember, 90% of your profit will be made on 25% of your trades. You should hold winning trades longer instead of the losing ones. What percentage is a proper stop loss point? That depends on your own trading style. If you are an aggressive trader picking volatile stocks, then you should use 8%-10%. If you are less aggressive, then you should consider 2%-5%. One thing to keep in mind, if your stop loss point is 5%, you should not pick a stock that lost more than 5% on a single day in the past 30 days to avoid being kick out. 5. When to sell and take profit Remember, you will never sell at the exact top because no one knows the market for certain. You should keep your winning trades longer. However, if your technical indicators go against you, and the patterns start to fail, that's when you should sell your stock and take profit.

Today all solar stocks are up,especially YGE and TSL have entered USA market., Check out this news. Yingli Green Energy will Supply PV Modules to Largest University Campus Solar Energy Facility in the United States Wednesday 09/24/2008 8:32 AM ET - Businesswire Related Companies Symbol Last %Chg YGE 13.88 10.95% As of 11:22 AM ET 9/24/08 Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a sales contract with SunDurance Energy, LLC ("SunDurance"), which develops, designs and builds large-scale solar energy facilities for private and public entities in the United States. Pursuant to this agreement, Yingli Green Energy has agreed to supply an aggregate of 1.4 MW of PV modules to SunDurance from December 2008 to January 2009, which will be used for a solar power plant under construction on the Livingston Campus of Rutgers University.The $10 million solar farm project will be financed by Rutgers University and the Clean Energy Program of the New Jersey Board of Public Utilities. Trina Solar to Power North America's Largest Single Rooftop Installation Wednesday 09/24/2008 8:00 AM ET - Pr Newswire As of 11:55 AM ET 9/24/08 Trina Solar Limited (NYSE: TSL; "Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that shipments began this month to provide more than 13,400 solar PV modules to power the Atlantic City Convention Center ("ACCC"). This supply comes as part of a signed agreement with general contractor American Capital Energy, who is managing project integration and installation for Pepco Energy Services and the Atlantic City Convention & Visitors Authority ("ACCVA"). The agreement provides for up to four additional megawatts ("MW") to be supplied during 2009. I think it is a good time to buy in those two stocks for taking profit now.