Hi Treggs,
Great logic and advice there!
Im not sure if this has been mentioned prior but here are some additional methods i use when trading :
1. With any potential share i take a holistic approach both technically and fundamentally. I like looking at where the particular index is for a particular share. I take a very cautious approach to purchasing if its nearing a support or resistance level and will always wait to see if the support / resistance holds.
2. I also look at the asx200 index again for the same reasons in #1
3. After many years of technical trading i have reduced my unprofitable trades on a number of occasions by taking into consideration the most common US and Australian announcements that can have a high impact on share markets ( eg : unemployment figures, inflation rate, consumer confidence etc etc )
If one of these market influencing announcements are near then i have a wait and see approach. It's amazing how much damage to ones trades these announcements can do if they fall outside the range of what economists have predicted...
I just hope this may help some people in regards to how they trade as i have benefited considerably via the amazing amount of valuable information from those who have unselfishly given input into this thread over the years.
- Forums
- ASX - By Stock
- XJO
- weekend thread early... topic: risk management
weekend thread early... topic: risk management, page-35
-
- There are more pages in this discussion • 6 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
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,176.9 |
Change
-28.500(0.35%) |
Mkt cap ! n/a |
Open | High | Low |
8,205.4 | 8,223.5 | 8,164.8 |
Featured News
XJO (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online