I held a couple over nighters over the last two weeks and I haven't had much success. I also need to cut my losses a little more quicker when it's not going in my favor but that's another topic. Can you guys offer me any advice on overnight holds? I'm also Watching Tim's How to make Millions. I definitely recommend it!
Posted Jun 04, 16 8:33 AMbyiJasonR
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Thank you guys. I'm guessing just stick to breakouts, contract winners and earnings winners for now?
I have had success dip buying earnings winners and holding overnight WYNN and LGF are two examples. Look for runners that could continue and are closing strong NERV, OPTT, STKL are some recent strong runners. Just use alerts and hard stops to try and protect yourself
I held OPTT over night after it's big run @ 5.88 then sold the next day @ 5.37. I figured that i'd cut losses at 5.60 and take profits around 6.40 however I didnt follow my plan and ended up with a much bigger loss than I had planned to. My lesson is to stick to my plan especially with losses even though I play smaller with risky trades especially overnighters. I'm still learning and I really appreciate all the advice that you guys are giving me. Thank you!
I can only recommend to have a fix maximum Dollar loss ($200 for me) for every trade, so that is the worst I wanna loose, this totally ticker independent. Secondly I look on the chart and my risk/reward. I have a certain share price where I consider getting out, whereby the dollar loss at this share price is below my mental $ loss. And than it depend on the trade itself. Sometime I have to wait a bit longer (pullbacks etc.) so my share-price stop will be hit, but unless my $ loss is not hit, I l
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