Received 1 Karma
Entered my first trade today at 1:47 pm in $(SRAX) average entry $6.45. My thesis didn't fail, but may have been flawed in the first place? My lose exit point is $5.80 and my initial gain exit point was $8.37, but after further evaluation chose $7.73. It was a whole afternoon grind and since it failed to make a NHOD into the close after 5:15 pm market confidence faded and I tried to sell at $7 but it was not executed. I will hold it overnight and sell in the AM. Shares OS 9.3M and Float at purchase 4.2. I noticed this after the fact, hence the slow grind? Thank you #TimothySykes for giving me the education and courage to pull the trigger. Now, back to studying.
@ShaneDT76 just became a fully transparent trader today!
@asfricksrs Thanks Rick! Revwing our trades and plans goes a long way in sharpening our skills. Enjoy the Holidays!
Hi, I am a new trader and was watching SLGB all day (22nd) I entered in at the end of the day and stayed long over the weekend. I entered in at $3.46, and as you know it is $3.40 now. Some say the contract is with a bogus company and the Sigma is as all penny stocks worthless. I am nervous over these 4 days. Should I sell at he first possible moment or will it run. Hopefully good news will come out over the weekend/holiday. Any thoughts from anyone would be helpful.
@ShaneDT76 Shane, hi. You must have a plan ahead of time. If you do not have an idea of where you will cut losses & take gains you probably should not be in the trade. SLGB does have a catalyst, but is up a ton and didn't close near highs so it was not a great set-up imo. Also consider, if you a nervous, maybe you are playing with too much size? Don't risk too much when you are new. Consider small 100 share positions so you can focus on your %gains and your technique.
Thank you, I did have a plan, thinking about the catalyst, looking at risk, and potential reward... it was weak at the close, but I tried to capture the climb just to have it drop a bit. Then I did more down time research to find both sides of the argument, neither convincing. So I am back at my plan, I will trade accordingly on Tuesday AM. Thanks for you input. I am always open for feedback and guidance. May you and your family have an amazing holiday season. V/r.
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