ESK, yesterday, that rarest of creature, hyperbollicus runamokus. I was fortunate enough to be taught some strong basics of trading from a very good trader. Whilst he taught me everything I know about trading, he did not teach me everything he knows about trading. He also taught me some other-than-basics. One was - it's never too late until the trend reverses. Have you ever watched a stock take off and thought it's too late. It's worth repeating - it's never too late until the trend reverses. Here is a chart of ESK on a 1 minute timeframe during it's run from approx 80c (previous all time high was 83.5c) up to approx 160c. Note the 1 minute uptrend intact all the way up. Further, it provided a brief opportunity to exit up the top as it was rolling over, selma mentioned it at the time. Not every hyperbollic run will offer that good/obvious an exit point. Position sizing is the key with these. Anyway that's one daytrader's thought on ESK yesterday. Have a great day trading today. Pulling some serious overnighters at the moment. Love the indices. Some good calls lately @kenjikool and @Seb93. Watching.
- Forums
- ASX - Day Trading
- Day trading pre-market open July 1
Day trading pre-market open July 1, page-19
-
- There are more pages in this discussion • 134 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
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online