Dazza00...I always set my stop loss at two standard deviations from the 20 day moving average ...or 10% from the moving price ...I don't see a need to sell as long as the price is moving steadily upwards....In the past I often took profits far too early ...I try and avoid rapidly moving shares that are very volatile..but if I do really like the story and the numbers I use a 10% stop from the moving price or from my entry price and I may enter and exit the shares a number of times...it can be very frustrating but profitable!!!
I prefer to let the market do the work on the share and I just follow...I'm not smart enough to know the future ..I wait until the crowd are joining the party and I then join... and leave when the crowd leave...major funds buying are many thousand of times times greater than my small holding..I just catch the bus and try to get a front seat!!!
Before I enter any share I check out my evolving scenario..ie. how is the market for this product and is it a growing market ..what are the drivers ...what are the negatives .
Both the scenario for Uranium and PDN passed my test at 30c and are evolving solidly.
I believe the existing forces will take PDN well past its old high..where too...we must wait and see....I think it will be a long journey and it will make many fortunes ...but only time will tell.
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- worth keeping an eye on as well..
worth keeping an eye on as well.., page-46
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Last
$9.68 |
Change
-0.725(6.97%) |
Mkt cap ! $2.968B |
Open | High | Low | Value | Volume |
$9.92 | $10.06 | $9.67 | $19.35M | 1.965M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 4547 | $9.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.68 | 2615 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 4412 | 9.670 |
9 | 3634 | 9.660 |
15 | 13152 | 9.650 |
8 | 6108 | 9.640 |
7 | 10165 | 9.630 |
Price($) | Vol. | No. |
---|---|---|
9.680 | 6377 | 31 |
9.690 | 9472 | 26 |
9.700 | 6465 | 21 |
9.710 | 9882 | 15 |
9.720 | 5361 | 10 |
Last trade - 13.36pm 05/08/2024 (20 minute delay) ? |
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PDN (ASX) Chart |