Dazza00...I always set my stop loss at two standard deviations from the 20 day moving average ...or 10% from the moving price ...I don't see a need to sell as long as the price is moving steadily upwards....In the past I often took profits far too early ...I try and avoid rapidly moving shares that are very volatile..but if I do really like the story and the numbers I use a 10% stop from the moving price or from my entry price and I may enter and exit the shares a number of times...it can be very frustrating but profitable!!!
I prefer to let the market do the work on the share and I just follow...I'm not smart enough to know the future ..I wait until the crowd are joining the party and I then join... and leave when the crowd leave...major funds buying are many thousand of times times greater than my small holding..I just catch the bus and try to get a front seat!!!
Before I enter any share I check out my evolving scenario..ie. how is the market for this product and is it a growing market ..what are the drivers ...what are the negatives .
Both the scenario for Uranium and PDN passed my test at 30c and are evolving solidly.
I believe the existing forces will take PDN well past its old high..where too...we must wait and see....I think it will be a long journey and it will make many fortunes ...but only time will tell.
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Dazza00...I always set my stop loss at two standard deviations...
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Last
$12.40 |
Change
-0.160(1.27%) |
Mkt cap ! $3.701B |
Open | High | Low | Value | Volume |
$12.50 | $12.54 | $12.15 | $33.45M | 2.706M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6658 | $12.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.40 | 290182 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2664 | 12.390 |
4 | 19265 | 12.350 |
2 | 1817 | 12.340 |
1 | 8160 | 12.330 |
1 | 15275 | 12.320 |
Price($) | Vol. | No. |
---|---|---|
12.400 | 290182 | 1 |
12.450 | 10477 | 4 |
12.470 | 8160 | 1 |
12.480 | 500 | 1 |
12.490 | 23435 | 2 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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PDN (ASX) Chart |