Well done susse. It should be a targeted income of around that target each week depending on your level of risk. The trick is to keep doing that in a downward market! It is possible, just harder. You really need to trade hard (as in work) when the sun shines because there will be weeks where you make nothing or lose. Short sharp trades cost you a massive potential but lock in 'booked' profits and that is my strategy. I can't begin to tell you how much I've missed out on as a result, but it limits the risk and it is VERY easy to lose so never become complacent. When you buy a share and lose $5K in a day, you'll appreciate the stop loss decision that counters the quick profits!
kmac - breakevens are just learned behaviour based on what we have all experienced in recent months. It becomes hard to hang onto stocks that show the slightest of risk. Try widening stop losses and buying in smaller parcels. It's actually OK to buy in small bites and sell in same.
Red - I noted your calls this morning. If it wasn't for FMS taking so long, I would have been on. BUT what I didn't make on one share I made on another and care less about the code of a share - just the margin and 'booking' profits. I DO like FMS (hell, I held if like forever!!) and wish I had bought when it broke 6.8 this morning. My loss - but happy with a great week just the same. And lets face it - FMS got me suspended for a week - lol...
Some really interesting plays for next week coming up. Looking forward to it!
