At least I’m controlling losses well.
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@MichaelGoode Hey Michael got another question for ya. What problems might arise when trading Sub dollar stocks? I'd like to trade these (longs only) so I can take larger position sizes for larger nominal profits.
Keep in mind that what matters is not the price but the volatility. If you have a $10k position in a $1 stock and it goes up 10% you will make $1k. If you have a $10k position in a $10 stock and it goes up 10% you will still make $1k. So don't avoid trading higher-priced stocks for that reason. If you are trading Nasdaq stocks then all that matters is that your broker doesn't charge you per share commissions (or else it will get very expensive). If the stocks are OTC (most of the cheapest stocks
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@MichaelGoode Hey Michael! What price action do you look for in overnight trades? Thanks.
Does a strong close indicate a potential morning spike? Currently longs only for me.
it does make it more likely to gap up but I don't find it that reliable
Hello Michael... I just signed up for Silver and am happy to be here. Will not be sending many question, only a very occasional one if critical. Bought IHT today near close after the big dip. In at 2.35, did not bounce. Did not want to hold overnight re: not closing near hight. Cut losses quickly, out at 2.33 after holding to 2 min before close :-) . Any words of wisdom welcome as I am new but study and listen. Trading very small position instead of paper. Thanks so much. Freddie
will probably stick to dip buy in the open.
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*Volatile Premarket
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When a stock crashes hard it has to bounce before continuing lower
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