Posted by Palladin on 27th of Sep 2010 at 02:20 pm
good trade. But it also has a great deal to do with your risk
reward tolerance and the size of your trade.
There is a gap around $8 and it might work its way up
there if the markets keep going up.
on the other hand if you position was fairly large you got out
with a good profit that could turn into a big loss quickly if the
market decides to hiccup.
Posted by frtaylor on 27th of Sep 2010 at 02:34 pm
Thanks, Palladin. Although I came out ahead last year overall
(my first year trading), I lost a lot of what I had gained through
another stock service where I tried to learn to scalp
(tradestocksamerica.com - argh!). I've been very risk averse since
then, always worrying about getting in a losing trade. Been trying
to find my sea legs here at BPT. It's been a very good move for
me.
Posted by Palladin on 27th of Sep 2010 at 03:14 pm
of course it matters! It might not matter as much when it
comes to indexes and ETFs but individual stocks can
have BIG swings based on fundamentals (earnings, discoveries,
buyouts etc.)
The stock market does not live or die by TA
alone!
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good trade. But it also
APWR - review of my trade and comments welcome
Posted by Palladin on 27th of Sep 2010 at 02:20 pm
good trade. But it also has a great deal to do with your risk reward tolerance and the size of your trade.
There is a gap around $8 and it might work its way up there if the markets keep going up.
on the other hand if you position was fairly large you got out with a good profit that could turn into a big loss quickly if the market decides to hiccup.
Thanks, Palladin. Although I came
Posted by frtaylor on 27th of Sep 2010 at 02:34 pm
Thanks, Palladin. Although I came out ahead last year overall (my first year trading), I lost a lot of what I had gained through another stock service where I tried to learn to scalp (tradestocksamerica.com - argh!). I've been very risk averse since then, always worrying about getting in a losing trade. Been trying to find my sea legs here at BPT. It's been a very good move for me.
been there, done that this
Posted by Palladin on 27th of Sep 2010 at 02:40 pm
been there, done that
this stock is really cooking. Any idea of the fundamentals that might be driving it up?
Wow, it is going NORTH!
Posted by frtaylor on 27th of Sep 2010 at 02:58 pm
Wow, it is going NORTH!
No idea on the fundamentals
Posted by frtaylor on 27th of Sep 2010 at 02:54 pm
No idea on the fundamentals or news stories, etc. For me it was a simple technical trade.
Does the fundamentals matter?
Posted by kobie on 27th of Sep 2010 at 02:51 pm
Does the fundamentals matter?
of course it matters! It might
Posted by Palladin on 27th of Sep 2010 at 03:14 pm
of course it matters! It might not matter as much when it comes to indexes and ETFs but individual stocks can have BIG swings based on fundamentals (earnings, discoveries, buyouts etc.)
The stock market does not live or die by TA alone!