Day traders' weekend lounge March 25 - 27, 60453891, page-84 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Joannie: ↑

Answer to @deanmac,
We have had unexpected visitors today.....damn. That is not very friendly of me
So I have not had a lot of time.Just jumping on here quickly to thank you and others for these brilliant discussions.

I will try and copy and paste all these if I get a mo.You have answered my questions so well, thank you.

I will be under the pump now tomorrow, so I have put in an order for AVZ at a slightly lower entry, is this wise? Or do you think I should go in at Fridays close?? I am keen to trade this share above others.I have several trading stocks which slipped into the red on Friday, so I will need to observe these very closely tomorrow.

I am hoping for a reversal on many. I think it would perhaps be foolish to jump straight in and take these losses......I am guilty of falling for many that have been "promoted" on the thread, so I am really now hoping that these are temporary losses and not a big crash.I think I have said before that charts are not my thing yet, which is pretty crazy. So this coming week I am in the danger zone, (enter theme music from Jaws). So I need some luck.

There are several long term holds that I wish to top up also, I am hoping for some red days for these. LTR SYA LKE.I am chewing over MAY and MEL, so if anyone has charts for these I would be eternally grateful.

So I have to be off again soon.I will try and copy and paste many of these great suggestions.I would like to thank everyone for contributing to this discussion, how valuable is this, for all!!

Good luck to everyone for this week. If I have a few disasters, I may be licking my wounds for now.Oh heck this message won't post, I shall have to copy and paste it.

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@ Joannie,

The only advice I can offer atm would be to spend some time with charts and find the reason why you would purchase AVZ or any stock for that matter at their current prices. Perhaps try some paper trading for a week or so to develop some results that you can assess if your style / entries / exits are succeeding in the current market.

As for AVZ myself personally - I have started to reduce the value of day trading positions at sp. Yes AVZ is waiting on news that will likely result in its stellar run continuing - but until this happens - I just follow the chart / momentum etc. (I do have a remaining long position in AVZ).

As for your other positions - again look at the charts and derive at a decision to either cut and run or hold for an appropriate exit. The answer is generally always there somewhere. Some of your 'long term' stocks have solid charts. Not sure if they are in 'top up' zone - would need to assess. The biggest mistakes I have made in the market is with oil & gas juniors - particularly around well drilling etc. I just stay away from this element now. Easier profits elsewhere for myself.

Perhaps your could look at some stocks where longer positions would be more suitable - rather than the higher risk day trade entries.
From a longer term point of view - I am liking the weekly chart of MRM (I have taken a very small position) and MGX.

Best wishes.