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I tell you what I think I might do with this one - is top slice my original capital out of this at roughly my target, and then just keep the rest in and trade them accordingly as freebies - because this could end up going back up to it's highs on anticipation of product release - which I know is a good while out yet - but it seems a nice share to stay glued to IMHO!
.......and back in auction!
Good point re: the run up from March. I'm going to do some serious historical research on this tonight. I want to really get inside the head of this stock. Going to look at all the news, all the indicators and all the candlesticks from 2005 onwards - bit by painstaking bit! Because I mean from historical perspective - at £1 would still be cheap. its been as high as £4 back in 2007!
Well it keep the 'wolf from the door' for a month or two anyway! LOL! Made a few quid here now.....and in % terms this one is punching well above it's weight! My target still £1 - the 23% fib retracement. (or there abouts) BUT.....I might just let it stop me out - and stick a trailing stop loss in or something - I'l have to see how it's acting closer to the time - but I'l let you know what I'm doing mate. 1WJM
.....been on the top risers board for something like 4 days on the trot now!
Gone into auction....... Notice the 1 stock trade @80p......thats an MM signal if ever I saw one! Don't know exactly what It means though!
Hiya mate - nice to see you over here! Well.....another day of rises -up 8.2% so far today - and still the buys are coming in thick and fast! This has been a lovely share to have been in the past few weeks! Needs to move on another penny or two, to truly take out that resistance - next minor one to contend with then I think will be around 82p. Lets see how it all pans out! I wish I'd bought more of these now @ 57p (obviously!) LOL! 1WJM
Thats absolutely fine mate. Don't forget - its not an exact science! It's just there to help you form a mental framework as to how to approach a trade and weigh risk reward ratio's. But I think you got it just about spot on there dude!
How the devil are you? Good to see you mate! Yeah I got into NYO at 17.5 Havn't had time to post over there - been well tied up with other ones this past week or so! Hope your keeping well mate!
NYO - nyota minerals. Might be good for 20% gain perhaps. Sell out if it breaches its trend line though. 17p would probably be a reasonable stop. But if you can don't load one - just incase the MM's spike the share down to hit stops. Best bet is to monitor it yourself. But NYO is probably ripe for a rise I think.
What a nice day! Good luck fella.....although you don't appear to be needing it today! LOL! 1WJM
I can see straight away! Your not using candles....change your charts to candles. Then you will see the long red candle on the 30th Jun - which plunged through support. That candle was PROOF that the line was support - hence the plunge! No I didn't sell. Just enjoying providing a bit of commentary. I'm pretty chilled about it TBH - I think it will overcome it at some point.
Don't forget about that 73p i mentioned the other day. This next step will be a little bit of a hurdle I think.
Wrong board sorry - meant for GKP.
......There it goes. I wonder if the MM's are reading!
......decent buys continue to stream in.
.....nice start to a Monday!
.....all the directors are buying!
You ask away mate. I'm a great believer in karma. I know my willingness to help others will be rewarded! LOL! In fact (and this no joke) - helping others to learn is THE best way to enforce your own learning. This is a fact. I find that by explaining stuff, and revisiting sites, etc etc on behalf of other people, enables me to reinforce knowledge, and pick up new concepts that I might have missed before - much like peeling an onion - you never take everything in the first time around. So before I recommend something, or sometimes after I recommend something - I revisit it myself - and review it quickly, to make sure I didn't miss anything. Its a good way of doing things! So you ask away mate - I really don't mind! LOL!
If your getting into short term trading, a good start would be to get your teeth into this one: http://www.swing-trade-stocks.com/ Then....if your day trading - your going to need to learn about gaps - understanding them, and trading them is a really easy way to make quick money on a day trade - 80% of my gap trades tend to be profitable against a much lower % for other trades. Understanding what creates them, and how to trade them is an INVALUABLE tool: http://tradethegap.org/ Plus your going to need to know your patterns inside out and back to front: http://www.chartpatterns.com/ Then If you progress to using Level 2 to monitor the order book, and liquidity of a market - which your probably going to have to if your day trading, then you will need to have a good understanding of this: http://www.stockmarketlevel2.com/advanced-level-2.html Tie all the above together with some decent charting software - Pro Realtime is free, and is great for what I use it for. It also offers realtime intraday charts - but I personally only use the free end of day charts. You might also want to look at Metastock.....but to begin with this will be fine: http://www.prorealtime.com/en/ There we are - that should get your started! Good luck 1WJM