VAL is one I looked at this morning but did not buy because they are above the weekly chart 200sma. You did not say how much the parcel you bought was worth but if your capital is $50,000 or less there is much to be said for keeping trades at $500 until you build the account up to 50000 dollars. At that point it is acceptable to increase trades to $1000.
The most successful pattern in the world is the rounded bottom breakout where a trade is taken when the price goes above the weekly 50sma and as soon as you buy put a sell order in at the price of the 200sma here is the chart of the ones I bought this morning.
GES 1.4 weekly chart
FGO 0.6 weekly chart
- Forums
- ASX - Day Trading
- Day traders' after-market lounge May 4
Day traders' after-market lounge May 4, page-23
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online