The same way you purchase any other security in accordance with
your approach - simply size down. Bottom line is that the
trade worked for a nice percentage gain. I'll take a 15%
gainer how about you?
Posted by jimmytheshoer on 5th of Jul 2022 at 11:58 am
I was not being critical! I guess if you're trading 100 shares
the risk/reward makes some sense. I'll NEVER trade any issue that
doesn't have an average volume of 1 million+ shares traded daily.
Seen too many people screwed on bid/ask on those thinly traded
issues.
SMN Updated View
Posted by steve on 5th of Jul 2022 at 11:42 am
SMN - Chart Link
Steve, This is a serious question!
Posted by jimmytheshoer on 5th of Jul 2022 at 11:49 am
Steve,
This is a serious question! How does one trade a stock/ETF that has an average volume of 24,000 shares traded daily with a .10+ spread?
I do realize the first answer is very carefully!
The same way you purchase
Posted by steve on 5th of Jul 2022 at 11:54 am
The same way you purchase any other security in accordance with your approach - simply size down. Bottom line is that the trade worked for a nice percentage gain. I'll take a 15% gainer how about you?
I was not being critical!
Posted by jimmytheshoer on 5th of Jul 2022 at 11:58 am
I was not being critical! I guess if you're trading 100 shares the risk/reward makes some sense. I'll NEVER trade any issue that doesn't have an average volume of 1 million+ shares traded daily. Seen too many people screwed on bid/ask on those thinly traded issues.
I traded 1000 shares and
Posted by steve on 5th of Jul 2022 at 12:03 pm
I traded 1000 shares and it made a lot of CENTS - LOL
I sent you a private message with additional thoughts - as I always say, trade what works for you but my focus is finding objective setups.