Yeah I always recommend that, very important and if I’m ever wanting to trade in a different sector I’ll often play around with a few pretend entries, watch how the price action moves and plan an exit. In many case different sectors trade differently.
So yeah, if you’re still getting used to your systems, use pretend money. Regarding 2 out of 3. I reckon even that’s too high. If you get to half income trades, that would be success.
This method will ensure that you have a chance in this industry. Just go in with real capital from day one and you’ll get spat out quicker than Usain Bolt. IMO.
Cheers
IMUGENE CHART. TA only, page-5718
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |