- Joined
- 22 Aug 2006
- Messages
- 7,398
- Reaction score
- 1,297
- Country
I just edumificated my home help a bit. She's making money!
You need 3 main things
1) A "Catalyst" like a trump tweet,, something in the financial press, maybe just a swing in sentiment
___1a) you need to know a few relevant names, like Korea for overnight plays, active banks, which names are associated with AI build-out, like GEV, CAT, AMAT, ALAB, Dell, HP, SMC, many others. Hot names of the moment, are like memory makers Micron, Sandisk, Samsung, SK Hynix
2) Find a setup Something like a pullback on a rise, or a break above a previous Level. Some learning needed here.
Learn about the Indicator "VWAP", because everyone uses it - it's a self fulfilling thing. (Volume Weighted Average Price). And Volume, which a decent platform should give you.
3) Execution. Know how your platform works, so you can use preset orders, limit orders, stop losses. You ALWAYS PLAN - need to know where to get out if your plan doesn't work, and where to set a "Take profit" if it does. You need a 2:1 or more, ideally 3:1 or 4:1 potential gain. (profit:loss) Then you can afford some fails. Your Take profit" may depend on something else, like the oil or bitcoin price.
Then it's easy. Always go WITH the trend, and never enter unless you have several of the ducks in a row.
Never enter "because it looks like it's doing well". It will instantly turn on you. Sod, is alive and well. If you must enter, use 50p.
Plenty more of course, but that will keep you solvent, if you only use a small amount of your "pot" on a play.
2% they say. Open to interpretation.
Always look back and see why you lost, if you did. It's probably, mostly, your fault.
"Practice in a Simulator", stops you losing any money at all.....
You need 3 main things
1) A "Catalyst" like a trump tweet,, something in the financial press, maybe just a swing in sentiment
___1a) you need to know a few relevant names, like Korea for overnight plays, active banks, which names are associated with AI build-out, like GEV, CAT, AMAT, ALAB, Dell, HP, SMC, many others. Hot names of the moment, are like memory makers Micron, Sandisk, Samsung, SK Hynix
2) Find a setup Something like a pullback on a rise, or a break above a previous Level. Some learning needed here.
Learn about the Indicator "VWAP", because everyone uses it - it's a self fulfilling thing. (Volume Weighted Average Price). And Volume, which a decent platform should give you.
3) Execution. Know how your platform works, so you can use preset orders, limit orders, stop losses. You ALWAYS PLAN - need to know where to get out if your plan doesn't work, and where to set a "Take profit" if it does. You need a 2:1 or more, ideally 3:1 or 4:1 potential gain. (profit:loss) Then you can afford some fails. Your Take profit" may depend on something else, like the oil or bitcoin price.
Then it's easy. Always go WITH the trend, and never enter unless you have several of the ducks in a row.
Never enter "because it looks like it's doing well". It will instantly turn on you. Sod, is alive and well. If you must enter, use 50p.
Plenty more of course, but that will keep you solvent, if you only use a small amount of your "pot" on a play.
2% they say. Open to interpretation.
Always look back and see why you lost, if you did. It's probably, mostly, your fault.
"Practice in a Simulator", stops you losing any money at all.....
