update.....
slowly, clocking up small gains to build the piggy bank.... I had bought an additional 70K of [email protected] as a trading parcel, well, today, i let them go at 1c, and the other parcel at 1.1c. It is a trade off with sub 1c stocks as to whether to ride them, or put them in the stack an hope for an acceptable return. The risk being that a run peters out, and you havent sold, or have to accept a lower price to exit, along with the big percentage moves in value. Sometimes, like EYM it pays off, others, like RMX, i missed the big run for the sake of a quick trade.
MOX had a big sell down, and i missed it by about a minute, as i had no spare cash until a parcel of EYM went through, but, it was too late.....got some for my main account as its looking increasingly like a shell in the throws of being reborn.
Later, however, i managed to grab [email protected] of RFT, following a sell off after its results, then, 3 hours later, flicked them for a 2 pip gain.....any further weakness, and i'll be back !
Oh, managed to use the free cash to get back into ALY.....it has to be a decent play in the next few weeks, movement only being stymied by a silly sell down (filled 4 accounts with them !!)
Holdings of 3162, open orders and cash of 3026 for a total of 6188, so, beginning to get some traction, while being wary of any possible correction, especially with October coming. So, after a couple of months of angst, i'm beginning to feel a bit better with the 5 grander, and, more willing to grab quick trades if they arise.....but, early days yet
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