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Day Trader’s Aftermarket Lounge 6 July 2020, page-111

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7,457 Posts.

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06/07/20

22:39

Post #: 45681990
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Originally posted by rick64: ↑

Glad I am not alone in holding OSP due to fundamentals and long term charts.
I have been stuffing up with trading this, bearing in mind I am not really a day trader more STT.
Bought in initially at 2.2 last Thursday.
Sold half at 4.4 Friday. Banked $870. Bought at 5 at closing auction. Average 2.4.
When it hit 6 today I watched it in IG charts and it hit 6.3, Was tossing up whether to take profits or buy more. I put an order in at 5.6 but then FOMO and upped my order to 6. I knew that was a mistake immediately.
So, by this time I had my account with IG sorted, for some reason had to sign a form allowing me to trade US markets before they would let me buy OSP, so I bought more at 5.
In between all this I traded it between 5.6 and 5.9, my first true day trade, Banked $180. Once again paid $40 brokerage instead of what would have been $10 with IG.
So, all said and done, holding around 100,000 at 4.1, a lot more than I am used to. Am only showing 7.3% profit atm but hopes for tomorrow. Will look at the depth pre-market and take it from there.
Have a good night all

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