Domba - I just found out what I am - "A Range Trader"
No sarcasm, just haven't heard that term.
I buy stocks at a price that I'm prepared to keep if there is a downturn, and sell when they gain 2-5%. Sometimes takes 4 weeks, sometimes 40 minutes.
Need money at hand to do it - $50k for a $1k+ gain but seems to work.
Favourite stocks to "range trade" atm are FMG, AGO, PRU.
Bought FMG today at open at $4.75, sell order set at $4.99, come Monday should get hit, the same $50k should make $1k per week (I hope)
It's been workin OK, just wondering how many other traders play this way? and what other stocks do you range traders work on?
todays target, page-21
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Add FMG (ASX) to my watchlist
 (20min delay)
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Last
$18.99 |
Change
0.120(0.64%) |
Mkt cap ! $58.46B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $18.91 | $211.5M | 11.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $18.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 130177 | 4 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |