Yesterday I held off buying several times on BD1, PAB, WHK, RHT, and each time it was the right choice to not buy. In better conditions I believe they may have been worth a punt, but in this economic climate I think it's important to be extra cautious before making any buys. My plan is to only buy if I'm very confident it will go up, and if this is supported by as many positive indicators - volume, resistance/support levels, RSI, FA, etc. - as possible.
TLDR: I didn't make any money yesterday, but I didn't lose any either, and kept my powder dry for the right opportunity. I'm certainly far from perfect at this trading gig, but I think when times are tough it's safest to batten down the hatches.
- Forums
- ASX - Day Trading
- Day Trading Pre Open - 21 December 2018
Day Trading Pre Open - 21 December 2018, page-40
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)