RE: Another red day .... that rise now nearly eroded14 Jan 2022 12:44
Mr India - my strategy, keep a small watchlist of stocks with a tendency of random volatility on no news. You may find you need to focus volume, pay attention to (set alerts on) the price action, and assess MA/EMA, etc. My current picks for me to keep an eye on are HE1, BRH, NNN, NCYT. I'll go perhaps weeks with nothing and then all of a sudden something pops for no reason and people go mad on FOMO. I've learned I always need the stock to have a high volume though, else I risk being unable to sell on the way back down. It's risky as is any trading but I've got better and now have fewer losers and with smaller losses.
Develop your own strategy that works for you.
It's up to you to learn at least some basic technical analysis else you'll lose most times. There's loads of helpful resources out there for free, so perhaps spend some time researching it and actioning on it. It might make you less anxious about the share price action here.
My primary mission to to increase my HEMO holding, so I am very careful about my trades. Success in bagging a profit is definitely not 100% though for me, more like 60-70% and enough to nibble away at the CLN losses. I often miss opportunities as I have to focus on work, but missing an opportunity is much better than screwing it up.