Anatomy Of A Trade  |  MAR 2003

The Scoring Trade by Thomas Bulkowski

The Scoring Trade by Thomas Bulkowski Here’s a scoring system for symmetrical triangles that helps predict performance. How do you make money in a bear market without selling short? By picking winners. How do you gain the experience necessary to pick winners? Good question. Someone once said you should print a chart of your favorite stock each morning, stare at it for eight hours every day, and then — two years later — trade the stock. There is much truth in that: acquiring experience has few shortcuts. I review 225 stocks daily, but it takes just 15 minutes. As fast as the computer can load each chart, I’m ready to move on to the next one. I only stop if I see something interesting. One of those interesting events was a trade I made in WPS Resources Corp. (WPS) using my scoring system for chart patterns.

by Thomas Bulkowski