I was holding until the price hit the target of the last upswing. Then I exited and waited for the retrace. Sometimes I'll trade the BWave of the retrace, but that's usually where I make a mistake and get done. I rarely hold all the way up and rarely much of the 5th wave anymore - too much risk. In an upmarket I would have taken the wave 1 turn and probably exited at 387'ish. Then come back in after wave 2 and held all the way to the end of wave 5, then bled a bit in the A wave of the retrace and then frantically traded the retrace. Wave 2 is usually between 60% and 78% retrace of wave 1, so on a big wave 1 that is a lot to give back, on a small wave 1 I'd probably still be holding, but I don't trust the markets at the moment. Right now I am waiting for the 2nd wave of this cycle to complete - which it might have done now, but I suspect not, then I will come back in for the 3rd wave. Less profit but a lot safer, as the end of the C wave can be hard to predict, although I am getting a lot better at it - as this last WBT pattern shows. Cost a lot to learn it 'though.
So usually I am a holder, but of late across all stocks I am holding a lot less and for much shorter periods.
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Last
$2.28 |
Change
0.030(1.33%) |
Mkt cap ! $430.0M |
Open | High | Low | Value | Volume |
$2.34 | $2.38 | $2.28 | $1.325M | 571.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 30606 | $2.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.34 | 16589 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 30606 | 2.280 |
1 | 5416 | 2.270 |
3 | 24216 | 2.260 |
15 | 31879 | 2.250 |
2 | 1250 | 2.240 |
Price($) | Vol. | No. |
---|---|---|
2.340 | 16589 | 1 |
2.360 | 250 | 1 |
2.370 | 4000 | 1 |
2.380 | 10000 | 3 |
2.390 | 40977 | 5 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$2.29 |
  |
Change
0.030 ( 1.55 %) |
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Open | High | Low | Volume | ||
$2.29 | $2.38 | $2.28 | 117166 | ||
Last updated 15.59pm 27/05/2024 ? |
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