short term trading - week starting: 24th sept, page-184

  1. 662 Posts.
    Thankyou Freehold for all your work on this thread. And thankyou too the the other posters who contribute: pilsner, cgull, strauss, timbosiviv, John428, 3500 et al.

    I am very much a novice and have made only a few trades. So far I am breakeven, but I am learning a lot from the knowledge you all freely share. I think one of the things I have learnt is that I can't really trade anthing under 20c as it is too hard to set a small % stop loss. I think MemeFx drew my attention to this. I took a position in LOM and got stopped out after it dropped from 0.014 to 0.012. The trading range whilst waiting for announcing carries too much risk for me.
    I'm reluctant to follow calls (even though I think I should follow some of timbos!) as I know this isn't wise in the long term. I made money on PVD buying at 37 and selling at 50. Why oh why didn't I hold especially as I had read the brokers report and done my research?!!!!! I guess I was eager to learn from past mistakes and 'take profit off the table'.
    I'm still trying to establish what my style is.
    Anyway, just wanted to say a thankyou to you all for sharing, and also for being so wonderfully entertaining!
 
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