Follow the signals - Ceres Power

Here is a very vivid example of why you should automatically follow your exit signals, if you are utilising a trading method involving specific entry and exit criteria.

One of the guys in the mentoring programme went long on UK stock Ceres Power back in mid-July, after getting the appropriate entry signal. He then held on until an exit signal was given a few sessions ago, and pocketed a profit 7 times what he risked - a very nice return for pressing a couple of buttons and following the system. Today, the stock plunged over 70%.

More rapid results

After corresponding over the last 2 or 3 weeks, combined with a good training session last Sunday, one trader I know is already reaping the profits of looking for good setups per the system rules (see charts below). The ease which people are able to understand and use the scans combined with the knowledge of what we are looking for proves that, once you know what to look for, this isn't rocket science. And, as we know, the simplest solutions are often the best.