Showing posts with label direction. Show all posts
Showing posts with label direction. Show all posts

Wednesday, August 26, 2015

How to Make a Rifle Stock (10 Steps)


Identify your rifle and its specific style. If you are looking to replace an old and worn-out rifle stock, you may simply copy the design. But if you want to improve the look of your rifle, you need to look up various websites that deal with stock design so you can choose an appropriate shape and size.
Design and plan your rifle stock to the smallest detail. Draw the design to see how it will eventually look like when finished and choose the type of the wood as well. Note that the wood you choose for the stock needs to be of highest quality, aside from being hard, resilient and strong. One of the most common types of wood used for stocks is walnut. When you have the plan and the dimensions, purchase the needed materials and gather all the tools necessary. Remember that the most important dimensions are: length of pull, drop at comb and drop at heel, cast on and cast off and pitch.
Choose a particular wood board such as walnut or any other type you want for your rifle stock. Check the wood on all sides to see whether there is any discoloration, knots or other damage. Also check the pattern of the wood grain, since it needs to be healthy looking and, most importantly, spread in the direction of the longer dimension. If you can't see the wood grain clearly, pour some water on the board to see it. Then quickly wipe the excess liquid with a dry clean cloth, since the wood need to be absolutely dry.
Make a Plexiglas template of your design and cut it with a saw. Then hold the Plexiglas against the wood board and look through it to see how the grain is directed and positioned. Since the template is transparent, you will be able to see what the best position for the stock is. Use a marker to draw around the template and mark the place for cutting the stock.
Cut the wood to the required length, following the edges of the marked template. Make sure to add an extra inch or two for styling and shaping. Use a power saw for this task and make sure to protect yourself and others while using it.
Cut the exact shape of the template by using a bandsaw. A bandsaw is a power tool that can accomplish finer and more detailed cutting, ut make sure not to cut inside the lines: that kind of extra fine work is best left for hand-held carpentry tools.
Shape the stock into its final form by using a chisel and sandpaper. Treat the edges and the sides with sandpaper and use a chisel to add shadow lines or whatever other elements you wish. Make sure to achieve a comfortable and ergonomic shape of the stock, which provides a secure and firm fit and a stable grip as well. Check the shape from time to time during this part of the process so you can feel it in your hands and, more importantly, on your shoulder. Check the stock against the rifle as well. Now is the time to make the final adjustments if needed. Remember, the stock needs to be firmly and seamlessly attached to the rifle when it's finished.
Attach the metal part/hardware that will eventually be mounted to the rifle. Use a chisel to carve the place for the metal part and then attach it with strong wood glue and leave it in a vise for a few hours to dry and harden.
Apply a layer of wood primer and then let it dry completely. At this point, you will be able to see the beauty of the wood grain and pattern more clearly.
Finish your rifle stock by applying a coat of wood gloss or wood lacquer to its surface. Use a fine, soft brush with natural fibers to apply the gloss and make sure to allow one layer to dry and harden before adding another one.

Saturday, August 22, 2015

How to Day Trade Stock Options


Subscribe to a data service that provides the information required for pretrade analysis, post-trade decision support and risk management for option traders.
Practice some paper trades to find out if you will be any good at options trading. Always calculate and include your commission costs. Your options must make a real move in the right direction to make option trading financially feasible.
Gain experience day trading stocks before you attempt to day trade options. Day traders often execute multiple trades in one day. When you are dealing in options, you must, on a moment's notice, have enough experience to analyze a stock, make the correct calculations before you buy and then sell at exactly the right time.
Take an online course in trading stock options. Learn the various strategies veteran option traders use to increase profits and decrease losses. Find out which strategies work best under different market conditions.
Purchase options software. Use it to track the options market with any trading style you use. Software can also help you keep track of the stocks in your portfolio and monitor their price movement, trends and signals.
Trade both European- and U.S.-style options to boost your profit potential. European options include OSMI (cash-settled options based upon the SMI stock index of the Swiss Exchange) and ESX (cash-settled options based upon the FTSE100 stock index of Euronext).

Monday, August 17, 2015

How to Read Stock Charts for Beginners (5 Steps)


Locate the stock symbol at the top of stock chart. The chart will also contain information about the stock's highs and lows (depicted by vertical bars), the volume traded (shown by a bar graph at the bottom of the chart), and the closing price in plain English.
Find the trend direction by looking at a 20-day and 50-day moving average (MA). Moving averages are generally located below the stock symbol on a chart. For example, an MA might be (20) 45.30. That means the moving 20-day average is 45.30 for the last 20 days. A general rule of thumb is that if the 20-day MA is above the 50-day, then the stock is trending up; if the 20-day MA is below the 50-day, the stock is trending down. You can also spot an upward trend by noticing a graph tending toward the top right corner of the graph; a downward trending stock will start creeping toward the bottom right.
Identify the price support. A price support is a low point in trading that the stock never falls below. On a graph, the stock might go up and down haphazardly; you want to find the point on the graph that's the lowest.
Identify the price resistance. In general, price resistance is the point on the graph where the price 'tops out.' In other words, the maximum value on the graph. Price resistance is the opposite of price support.
Repeat the above steps for as many stocks as possible over a few weeks. You'll begin to notice trends, and will be more able to identify price support and resistance over a period of time. You'll also be able to see when the price resistance breaks through; when this happens, it can make for a flurry of trading, as it usually means something exciting has been announced in that particular company.

Saturday, August 15, 2015

How to Invest in the Hong Kong Stock Market


Do your research. Spend some time getting to know the movers and shakers on the Hong Kong Stock Exchange and the trends that currently define the marketplace. Remember that the performance of a few key companies is enough to send the entire market up or down.
Read up on your local Hong Kong and Chinese current events and business news. The smart investor knows that politics plays a very important role in the direction a country's stock market takes, especially in a transitional economy like China's.
Differentiate the two major Hong Kong stock markets. Understand that the Stock Exchange of Hong Kong Limited is a conglomerate of four exchanges that merged in the 1980s and is the primary market for securities trading in Hong Kong. The Hong Kong Enterprise Growth Market (GEM) is a speculative market in which up-and-coming companies that don't qualify for the regular stock exchange can attract investor attention.
Study the exchange. Decide on an industry you'd like to invest in, and look for a company that suits your risk tolerance in addition to offering an attractive profit potential.
Contact a licensed stockbroker, ideally one you've been doing business with for some time. Laws governing foreign investment in the Hong Kong Stock Exchange are complex, with considerable gray area. Ask your stockbroker whether he is permitted by law to invest in the Hong Kong Stock Exchange on your behalf.
Seek a licensed professional from the Chinese business community in a major city. Set up a trading account through the professional's institution, and have her invest in the Hong Kong Stock Exchange on your behalf. Remember that it can be difficult to track the Hong Kong Stock Exchange in real time, thanks to the considerable time difference between Hong Kong and the continental United States.

Friday, August 14, 2015

How to Buy Common Stock


Open a brokerage account, either online (cheapest) or with a discount or full-service broker. Experienced traders can save money online while novices will probably benefit from the advice of a broker, at least for a while. Deposit funds in the account and wait for the money to clear. Although some firms have no account minimums, many will require at least an initial deposit of $1000 to $2500.
Pick the stock you want to buy and pay close attention to its price and the direction that it's trending in. If the price is falling quickly and you want to buy, then you can place a market order, which means that the pit specialist will give you the specified number of shares at the prevailing market price. But if the price is rising, you will be wise to set a limit on the price. For example, if the stock price is currently $47 and rising, then you might place a limit order at $50 per share so that you don't end up buying in at the top.
Get the trade you want by specifying 'All or None' or 'Fill or Kill' on your order. If the trader cannot get you your entire order at your specified price, then the trade will not go through. Fill or Kill orders have the same condition, but they must be done either immediately or not at all. AON orders can be left standing.
Regardless of whether you use a full-service broker or place your trades online, you must supply the same information. For example, if you buy 500 shares of a stock at $50 FOK, you would either simply tell your broker that over the phone or type that order into the computer system. Most online trading platforms would require you to enter in the numerical data, and then click on a choice specifying such things as AON or FOK.
Use the tools on your brokerage website to follow and chart the movements of your stock. Even most full-service brokers offer web tools and market research and commentary for their investors. If you cannot get hold of your broker when you need to place a trade, call the firm's trading desk and they will be able to help you.