‪#‎LIP‬ ‪#‎LockIn‬ Program ‪#‎Robo‬ and ‪#‎Bobo‬ derivatives for Newbies

Thanks Sir Cal Al

‪#‎LIP‬ ‪#‎LockIn‬ Program ‪#‎Robo‬ and ‪#‎Bobo‬ derivatives for Newbies. Another softer term for Bobo is EL ‪#‎BIMBO‬.

If you do not know how to (LIP) Lock in profits, do not buy and sell with real money in the stocks yet. Read and develop those habits using simulation or paper trading. Sa notebook mo lang muna isulat yung mga kunyari buy and sell moves mo and see what happens. You may also use free apps like TradeHero on IOS and Android. If you are ready to use money, start with a small amount... an amount you can afford to loose. Is that understood?

ROBO is the abbreviation of Roll on break out. When ROBO is announced by our Senyor or when you see levels in the beautiful charts that he makes, it means it is a strong suggestion to sell a significant portion of your funds and leave/risk (roll) maybe a smaller portion of your funds at the price indicated or being approached. For example, out of 100% of the funds allocated to a particular stock, maybe start ROBO/selling 50% then 30% then the remaining 20% to complete 100% before it collapses...or you may use 60-20-20...or 60-30-10 or 80-20 or 50-50 or whatever you like at higher and higher price levels. That way you control the amount of money that you risk as the price of a stock goes up which may become too high now that profit taking will be wild and erratic near the top.

On that stock you sell, you slowly take the profits (LIP) and protect it from being eaten up by sudden unpredictable profit taking.

Now when you look at the bidding table at that time, you may see a lot of traders lining up to sell at that critical price levels identified. It is up to you if you want to make a sell order at those levels or a little lower price levels which may have greater chances to ensure a match. Imagine if you are in the last line of let us say 200 traders and your order did not match because you ordered late, there is a chance that your order may not be matched before the price drops from that ROBO price level. So it is up to you to decide if you want to sell or stay. No one knows where the price will go next and by how much change it will do in whatever direction. Use your intuition to guide yourself.

BOBO is the abbreviation of Buy on break out. When we do a BOBO it means we decide to risk our money and buy to acquire shares after the stock breaks out of weeks /months of resistance hoping it would go up further beyond the past strong resistance lines.

We Bobo smaller and smaller amounts as the price of the stock approaches its all time high. And we Robo smaller and smaller amounts as the price of a stock breaks newer and newer all time highs.

All those critical levels are identified in the charts that Senyor Roy Reyes has prepared for all of us. If you want to know how to identify those support and resistance lines, google them. Google doji, etc There is a link somewhere here in TAP where it is discussed in detail.

Different folks have different strokes and so you must know and form your own. Example: A person who bought MARC at 4.0 may want to ROBO 10/20/30/40% and Lock the rest of her funds devoted for that particular stock at 5.0 or 5.1... While a person who has no MARC would probably BOBO at or above 5.1/5.12.... or Buy way below 5.0 (warehousing) or even below 4.9 if it drops some more... it is all common sense.

Again .... first entry ko example 30% of my funds devoted for that stock...then bumagsak ng sobra pero healthy downhill trend naman, I may decide to buy another 50-70%... or sabihin natin hindi bumagsak, lalo pa umakyat from starting price .. then maybe I may decide to spend another 50-70% going up in small chunks...ikaw bahala mag control kung gano kakalaki na chunks. Google Position sizing.

Everyone must form his/her style.. Be free to do you own... but be guided by the suggested price levels by Senyor Roy Reyes if you can not or prefer not to draw your own. Pag kumita kayo ng malaki, balikan nyo si Maestro at Senyor at buong TAP ng pasasalamat tatanggap yan si Senyor kahit 50% LOL... or kahit pa-kape sa hotel or bottomless hard drinks... isama mo na rin kami lahat ng sabit. Just kidding but its is okay if you want to take it seriously.

source : https://www.facebook.com/groups/tradersapprentice/permalink/692317247497116/