A question of timing!
Hi to all of you,
trading is most of all a question of timing! I am quite satisfied with my timing yesterday. The markets went down, and with them most of my picks. So, it was the right time to get out. SNE lost -2,91%, TXN lost -2,12%. Both options of course lost most of the profits we gained so far. So, if you got out as I said, you should have made decent profits! CCUR also lost more than 2% - it was the right time to get out here aswell.
Now let´s look at the three trades we kept:
1) STXN it gained only 0,43%, closing at 4.62$ - a total gain of +4,8% so far. Chance are good that it will continue climbing, so I would stay in this trade - however, I would set my new SL to 4.50$ (right below the PivotPoint), which would leave you with a gain of 2% in case you get stopped out! (Note: we have a Doji candle to watch out for!)
2) PXLW - now this stock lost, as I expected. But, it lost more than I expected - it lost 5,57%, closing at 3.02$. This leaves us with a -2,3% loss so far. Don´t change the initial SL - either we will be stopped out he next trading session, or the stock will gain momentum again.
3) OSTE gained another 2,1% - leaving us with a total gain of +3,3% so far, last price: 4.35$. Keep it on!
Last but not least I want to give it another try in FOREX today. Just a minute ago I went long on the USDCHF @ 1.2684. My entry trigger was the TunnelMethod (one last try!). My SL is at 1.2664. My Target will be 1.2742. Here the chart:
So much for now, take care,
The Stockinvestigator
trading is most of all a question of timing! I am quite satisfied with my timing yesterday. The markets went down, and with them most of my picks. So, it was the right time to get out. SNE lost -2,91%, TXN lost -2,12%. Both options of course lost most of the profits we gained so far. So, if you got out as I said, you should have made decent profits! CCUR also lost more than 2% - it was the right time to get out here aswell.
Now let´s look at the three trades we kept:
1) STXN it gained only 0,43%, closing at 4.62$ - a total gain of +4,8% so far. Chance are good that it will continue climbing, so I would stay in this trade - however, I would set my new SL to 4.50$ (right below the PivotPoint), which would leave you with a gain of 2% in case you get stopped out! (Note: we have a Doji candle to watch out for!)
2) PXLW - now this stock lost, as I expected. But, it lost more than I expected - it lost 5,57%, closing at 3.02$. This leaves us with a -2,3% loss so far. Don´t change the initial SL - either we will be stopped out he next trading session, or the stock will gain momentum again.
3) OSTE gained another 2,1% - leaving us with a total gain of +3,3% so far, last price: 4.35$. Keep it on!
Last but not least I want to give it another try in FOREX today. Just a minute ago I went long on the USDCHF @ 1.2684. My entry trigger was the TunnelMethod (one last try!). My SL is at 1.2664. My Target will be 1.2742. Here the chart:
So much for now, take care,
The Stockinvestigator
posted by The Stockinvestigator at 10:47 AM
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