Thanks all. Now my daily gain is about 0.51%, 0.09% to go!
Two difficult yet important factors for a trader to be successful are to be discipline and consistant. I am using this 0.6% gain as a daily goal so that I know I am on the right track. Hope I can keep doing it until I reach a point...
Thanks.
For now, yes, I look for uptrending and oversold stocks for trading. My holding time frame is at most one week, mostly 1-2 days.
This is because my capital is not big enough for relatively long term holding and I need aggressively, yet consistent growth.
I know small but persistent gains goes a long way. So I am looking to accumulate my capital little by little, with growing confidence and discipline.
I started actively trading April 05. It took me 7 months and two traders to realize how important that small but persistent gains and deep...
I usually close my position by the end of the day.
I am holding CITI coz it has not broken the upward trend and I made a mistake entering into position too soon.
Holding Citi now.
Two planned round-trip trades done, profit +$178.68:
CCK: bought 1,000 at $18.7, sold at $18.85
MO: bought 200 at $74.45, 200 at $74.2, sold at $74.54