Got into NM this morning with 300 shares @.80 it kept meeting SERIOUS support @.78 then it went down @.77 which is when i got out, due to fear...if i had held it and made my cut off @.65 then id be up...Oh well another lesson to be learned. They had a Earnings Report and the price action in the morning was good and i messed it up. Oh well i guess...
Posted May 25, 16 4:59 PMbyBlackPantherTrades
Tickers
NM
lose $50 I mean.
@Chongette32 Thanks for the advice it is much appreciated. Great advice for some reason i was thinking you meant .04 instead of .40, so used to seeing the 0 after a number lol. Thanks agian
The .06c represents the current buy price?
haha no worries. 6 cents is your risk or how much you're willing to lose per share. So 80 cents minus 74 cents just say. With that equation that's how you work out your position size based on how much your'e willing to lose dollar-wise.
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