RE: Sundancer31 May 2019 09:06
do you have a trading strategy or self-imposed rules? ok, i'll share how i'm going to play Stobart.
1. i don't plonk everything into a single entry.
2. i stagger my buys at strategic points, after establishing a trading range or at least what i believe is the forming of a trading range.
3. i don't let daily loss/profit bother me because i have done enough research and i am prepared to milk all i can from every little movement on a share.
let's say for now, the trading range over the next 3 months is going to be 100p to 150p. then, let's say i have £6,000 that i don't need for the next 2 to 5 years(never trade with money you may need in the near to middle term). so if i was starting to trade on stobart and i am confident that the future for the company is going to be brighter than it currently is, my strategic points would be perhaps 100p, 110p, 120p, 130p, 140p and 150p. I'd place £1000 at every one of these points and whenever the share price hits the next point higher up, i'd sell that 1000 shares to lock in the profit. i'd do this for all batches of 1000 shares except for the 150p batch, just in case STOB breaks resistance and lifts off.
so between now and the next 3 months, i'm just going to enjoy any volatility that comes along, sip some summer wine and trade the ranges whenever time permits. my current entries on STOB are 106p, 119p, 125p, 130p, 143p, 150p, 155p with slightly different amounts at each entry point. no stress, and have a laugh at the ramper/de-rampers on these boards from time to time. :)