Received 6 Karmas
TradeSmall
TradeSmall Jan 20, 4:17 PM

When entering a trade, it helps to have a stop loss price pre determined just in case things don't go my way.

huperauxano
huperauxano Jan 23, 1:41 AM

You are right - reacting to price action is better than trying to meet your expectations about a trade.

dmatin
dmatin Jan 23, 8:19 PM

MYSZ failed morning spike got me too, and I didn't even chase but got an excellent entry. There are times where you should be patient and there are times where you shouldn't.

riplies24
riplies24 Jan 28, 10:16 PM

thanks for the replies, good info!

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TradeSmall
TradeSmall Jan 12, 10:40 PM

Great analysis of your own trades. Just a quick comment on #4. Would you have been able to see this stock on your scanner the prior day? And would you have known it would spike?

SithLord
SithLord Jan 12, 11:22 PM

Yes. I did scanned the day before and had a feeling it still had room to run. 52 week chart looked great. Very bullish. I'm just a rookie and learning the fundamentals. Knowing when to buy is important. If you can't get a good entry, then it's hard to make any money.

TradeSmall
TradeSmall Jan 13, 8:05 AM

I see. I totally agree. Good entry also means lower risk level

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