Originally Posted by Hog's Gone Fishin:
I have to mention how proud I am of my daughter, She has made 3 trades on her Webull account and is now up 48% from her initial investment . That's since 6/09.
Just today she bought KAL at 2.72 and sold at 2.99 for a quick 10% slam dunk.
Now she's hooked and putting all her stuff on excel spreadsheets to track.
She made #4 this morning and got a good lesson in strategy,
Bought GROV at 6.20 and I told her to only spend half her money.
She said why.
I said because it may drop more, lets look for the bottom. So it dropped down to 6.10, She spent the other half of her money ,got it at 6.12
She set the auto feature on Webull to take profit at 10% on both orders and they both filled with 30 minutes.
Thanks, But I have to find a little better strategy for myself. I've been leaving a shit ton of money on the table by getting out at 10%. She got out with her win under $7 and now it's almost $8. This crap is happening every damn day.
These stocks are so volatile ,if you put a trailing SL at 2% they just get taken out. If you put it at 10% you give up too much
We keep a chart of every premarket and after hours decliner over 10% and check the high that stock hit the next trading period to see the frequency of 10% wins and it's unreal how often they hit. You can just about blind fold yourself and throw a dart and go with that pick. [Reply]
Originally Posted by Hog's Gone Fishin:
Thanks, But I have to find a little better strategy for myself. I've been leaving a shit ton of money on the table by getting out at 10%. She got out with her win under $7 and now it's almost $8. This crap is happening every damn day.
These stocks are so volatile ,if you put a trailing SL at 2% they just get taken out. If you put it at 10% you give up too much
We keep a chart of every premarket and after hours decliner over 10% and check the high that stock hit the next trading period to see the frequency of 10% wins and it's unreal how often they hit. You can just about blind fold yourself and throw a dart and go with that pick.
Not a good stock market to be learning trading actually. [Reply]
