the perfect trade
i believe any trade that goes according to plan is a perfect trade...
and if you stick to your plan, by definition that trade must have gone to plan.
sometimes i get trades that dont meet my targets, but as long as i stick to my plan i consider that a succesful trade.
my daytrade of SEN didnt meet my target expectations.
today it opened with a 500k sell order at $0.58, and although it briefly traded at $0.59, after an hours trading it was still at yesterdays close of $0.58. i got ready to pull the trigger.
then all of a sudden i noticed a lot of the buy orders at $0.56 and $0.55 began to disappear.
the time to act was now, so I SOLD my holding at $0.575. this trade ended up with only a half a cent gain, or just +0.88%.
once SEN lost momentum, there was no point in staying on this trade.
pretty soon after i sold it was trading at $0.555...when you trade volatile stocks you have to be quick on your feet.
and if you stick to your plan, by definition that trade must have gone to plan.
sometimes i get trades that dont meet my targets, but as long as i stick to my plan i consider that a succesful trade.
my daytrade of SEN didnt meet my target expectations.
today it opened with a 500k sell order at $0.58, and although it briefly traded at $0.59, after an hours trading it was still at yesterdays close of $0.58. i got ready to pull the trigger.
then all of a sudden i noticed a lot of the buy orders at $0.56 and $0.55 began to disappear.
the time to act was now, so I SOLD my holding at $0.575. this trade ended up with only a half a cent gain, or just +0.88%.
once SEN lost momentum, there was no point in staying on this trade.
pretty soon after i sold it was trading at $0.555...when you trade volatile stocks you have to be quick on your feet.
posted at: 2:34 pm
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