[#2, LONG, RKLB ENTRY: 29.68 @ 15:43:??, STOP: 27.5, TARGET: DISCRETION, EXIT:] Trading from my phone so I am really slow at the inputs. Small size on this one. Still holding my JPM. Edit: I can't find the milliseconds on my phone for ToS.
My day job stops me from looking at markets 24/7 . I was thinking of doing limit orders to buy the stock when it reaches a level. Rationally hmm, not quite sure this is a very low size trade and its mostly on what I have been looking at. I filtered the stocks like 2 times and when reviewing while on break this one was the best via my brain.
see it as your friend, a garantied income stream. I still think the best way for retail to take any from the market, is trying to recognize the next little bubble aka stocks in the right sector
Lol thank you, I am joking though I do enjoy my job. Just talking shit against it . Thank you for the tips though.
What is it you have been looking at? I take it your screen looks for unusual price volume moves. If you don't mind, would you explain why was it the best of the stocks you screen? In a case like that, where you have a breakaway gap on huge volume you might consider entering on the prior days high with a stop limit order. Price is likely to consolidate for a few days, then follow through. I'm always suspect of stocks that move too far too fast. FWIW I enter some trades on stop limit orders.
It wasn't natural gas it was nuclear I think I saw a few stocks popping off. NNE and LEU they are still in the energy sector. I'll take a look at natural gas honestly don't know much about it. I read the XOM financial report so I know about gas and the process of how it is distilled / the logistics.
I have to say once again I am not a profitable trader. I come from trading one instrument, usually the SP500 and although I did have my fair share of consistency it wasn't enough to prove to myself I could make it. I actually do not screen for volume, the only information I take is historical price. What I am looking for is really the image of a successful swing that comes with speed. So it may be very dependent on my phone screen lol since it is relative to my screen size(might be a problem now that I am typing it out). But I am really betting on the stock continuing higher fast or at least stagnating and then continuing higher. If it really goes to my stop, it truely invalidates my vision for how price will act. Similar to my JPM trade I expect the buyers to constantly push the stock higher. This is similar to me trading the SP500 or how I used to so I am just applying it to swing trading, but now I have more time to think about the situation. Just note I always tried to make money chasing price. I could be wrong on this but I am not putting crazy size so I am okay with swinging incorrectly. You may be correct, I want to state again that I am quite new to trading equities and am not a profitable trader. I am also building my data slowly since getting information on stocks is quite difficult or at least categorizing them with old historical data. So really I am doing this on a small sample size. I am sure once I gather more data and bayesian update my choices will be more informed. But for now I am surely very wrong with my decisions. So just note that, I will most likely improve with time(hopefully ).
Losing can really feel defeating sometimes. Even the image of a losing trade hurts me deeply. It is crazy how even with really low size I have the need to perform because I am posting on here. I guess it has to do with status. I am still very young so maybe when I get more experience with posting and accepting losses as part of the game, then can I stop feeling these things. It is also highly likely I will never stop feeling these things. Like believing in a higher order. I chose to believe in statistics as my god. Therefore unless I develop my statistics on these trades I most likely will never have crazy conviction. Ain't it wonderful to be a human. Godspeed to myself, once again.