jules99
- 15 Jul 2003 23:36
Not that many people follow this board, However i thought I'd bore you folks anyways...At 20p a stock not expensive in my opinion...BATM's again i thought were a consideration, Quite rightly in the heedy old days I just couldn't afford them outright!
At only 20p the're worth it I think...cheap for the trolly...
Any holders, or followers from the heedy days...?
jules.
TomL
- 26 Sep 2003 22:11
- 61 of 61
Red, no probs.
Fwiw, I find it best to look at intra-day/closing trades on stocks like these against prior day and weekly data principally because, if you get your timing right (on an inter-day basis), these kinds of stocks can yield massive profits.
Two things I do (and everyone is different, you get to know what suits you) - first, I only intra-day trade SETS ukx100 which requires a whole different trading approach than the rest which I "position" or swing trade..reason:ukx100 provide lots of liquidity during the day whereas the rest are by no means as seamless, particularly on spreads.
My "patience" money goes into non-ukx stocks when the overall mkt conditions/trend are favourable.....not so right now imo (although have been since circa mid-march and no doubt will be again)..and my holding will vary from 24 hours(a botched trade) to 18 weeks (a multi-bagger)..that's in the selection process which has to be as good as the trading approach, I hate 10 percenters but that's merely my personality..they require much more sweat.
Second, I'm ruthlessly mechanical - I have complete confidence in my own proven trading approach (you have to be, otherwise you are dead..nb word "proven") and if they are not moving in the direction of my position by the close of the following trading session or fall below the traded high/lows of my entry day, I cut the trade(s)...its your classic M&S "sale, be satisfied or return" policy.
I don't know your approach, but I used to find that if I constantly watched the screens on these kinds of stocks then that would tell me something needed a fix in either the money (line too large?), mental(why do I feel bad about this trade?) or methodology (why do I lack confidence in my trading decisions?) departments.
All the best,
TomL...:>)