Stops and targets should be defined by each individual based
upon their style - most importantly DEFINE YOUR STYLE and your
answer will come as a result. PRTS was one of my original
fundamental plays when the stock was trading around a $1.00.
Position traders were greatly rewarded following the
management change. Too many traders bounce around from idea
to idea without having any PLAN in place. That's like a team
going into a game without any practice or plan and simply winging
it on game day - end result is most will ultimately fail with that
approach.
Stops and targets will vary greatly depending upon YOUR APPROACH
which should be enacted PRIOR to trading. Novice traders
want to start with targets without any plan in place and as a
result most will simply rely upon others and never become
proficient.
Give a man a fish and you feed him for a day; teach a man to
fish and you feed him for a lifetime.
We are TRADERS not FORECASTERS - focus on what's in front of you
first and foremost. Forecasters don't put money to work like
traders. They want to tell you what's going to happen and
more often then not are wrong.
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Important to Understand
Important Education Video to help you trade our trade ideas - reposted from 2018
Posted by steve on 8th of Jul 2020 at 02:44 pm
Stops and targets should be defined by each individual based upon their style - most importantly DEFINE YOUR STYLE and your answer will come as a result. PRTS was one of my original fundamental plays when the stock was trading around a $1.00. Position traders were greatly rewarded following the management change. Too many traders bounce around from idea to idea without having any PLAN in place. That's like a team going into a game without any practice or plan and simply winging it on game day - end result is most will ultimately fail with that approach.
Stops and targets will vary greatly depending upon YOUR APPROACH which should be enacted PRIOR to trading. Novice traders want to start with targets without any plan in place and as a result most will simply rely upon others and never become proficient.
Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.
We are TRADERS not FORECASTERS - focus on what's in front of you first and foremost. Forecasters don't put money to work like traders. They want to tell you what's going to happen and more often then not are wrong.