daytrade diaries... september 25, page-104

  1. 3,904 Posts.
    Buy the shares - make a mental note of my stop and work out what looks a reasonable profit - leaving enough meat on the bone to make it attractive for someone else - and throw a sell order in front of it.

    May only make 10% or 20% on a runner but I can rethink once I am out.

    Think of it as a reverse stop loss.

    The leave meat on the bone is important. In order for someone else to buy your shares it must be attractive to them. They must see a profit.

    Don't get greedy. Every trade is just one of hundreds you will make.
 
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