Opening up a small position of 5000 shares
I do not like the volume but the stock is cheap, the weekly chart looks great and therefore I must buy it.
I might trade it or go long, I have not decided.
Best of luck to everyone following me!
Thank you
FYI...
The reason I do not like thinly traded stocks, if you need to get out fast, the only order you can usually place is a market order with no guarantee of a set price.
It's like the days when I was buying JDS Uniphase. I was making $100,000 a week. The stock was a rocket with Corning.
When the fiber stocks crashed, so went the limit orders.
You had no choice but to place a market order and hope for the best price!
I do not like when I am not in control of a trade and for that matter, a sale.
Always look at the volume when you purchase a stock, it can make you or break you if the stock moves in the wrong direction.
I do not like the volume but the stock is cheap, the weekly chart looks great and therefore I must buy it.
I might trade it or go long, I have not decided.
Best of luck to everyone following me!
Thank you
FYI...
The reason I do not like thinly traded stocks, if you need to get out fast, the only order you can usually place is a market order with no guarantee of a set price.
It's like the days when I was buying JDS Uniphase. I was making $100,000 a week. The stock was a rocket with Corning.
When the fiber stocks crashed, so went the limit orders.
You had no choice but to place a market order and hope for the best price!
I do not like when I am not in control of a trade and for that matter, a sale.
Always look at the volume when you purchase a stock, it can make you or break you if the stock moves in the wrong direction.
Trade active:
Purchase Price $17.98
Trade closed: target reached:
I do not like the spread or the volume.
Not taking a chance on earnings and playing it safe.
SOLD @ 18.20
PROFIT: $1,100
Not taking a chance on earnings and playing it safe.
SOLD @ 18.20
PROFIT: $1,100
Trade closed manually:
I do not like the spread or the volume.
Not taking a chance on earnings and playing it safe.
SOLD @ 18.20
PROFIT: $1,100
Not taking a chance on earnings and playing it safe.
SOLD @ 18.20
PROFIT: $1,100