RE: Buy & sell call27 Jan 2018 10:29
Morning peeps, I've been more actively trying to use limit buy/sell orders to buy and sell within a given range and to also take emotion out of trading. It sold my BOR at 3.25 this week and also another stock locking in profit of just over 1.5k.
Ordinarily, I would never set limit sell orders only buys but having regularly noticed that shares reach a certain peak within their trading range and re-trace usually within a few days, I believe this strategy has its merits.
I'm trying to build up my stakes in a number of stocks using this strategy, will let you know how it goes. Key thing for me is to try and understand the technicals e.g. resistance levels etc as I'm very weak at this, but if grasped, I should be able to set limit orders at practical levels and make trading somewhat automated!
Currently building up in VAST, PXOG (both of which have had some exciting news recently), waiting for NCCL, ZIOC to launch. Disappointed with GGP and to a lesser extent HNR - both have very good potential but need to be more patient.