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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Quote from puddles:
15:30
SHORT APC 57.01
STOP 57.20
TGT 56.63
geezy and i are in this one together..
0-3 ends my day..
how did you come up with the target on this one? I am taking a look and dont see any prior support or resistance there...can you give me some insight? I have been using your methods and having some success, although with small dollars...target areas are a bit of a struggle though
Quote from Softgiant:
how did you come up with the target on this one? I am taking a look and dont see any prior support or resistance there...can you give me some insight? I have been using your methods and having some success, although with small dollars...target areas are a bit of a struggle though
0.19c stop..
57.01 - (0.19 x 2) = 56.63
Quote from Softgiant:
gotcha...ive been trying to target previous support/resistance off the higher lows or lower highs
I'm sure geez and puddles will edit me here if necessary, but target should be at least 2x risk. If prior resistance/support presents a target beyond that, then there's no problem with taking some off (2/3, 3/4) at the first target and trying for the second target with the balance. We all do it at one point or another. HTH.
JS
Quote from JScott:
I'm sure geez and puddles will edit me here if necessary, but target should be at least 2x risk. If prior resistance/support presents a target beyond that, then there's no problem with taking some off (2/3, 3/4) at the first target and trying for the second target with the balance. We all do it at one point or another. HTH.
JS
good summary jscott...that is exactly what I have been doing, today I had a 3.3x reward to risk, due to using the existing level
thanks for your input...i figure a few more weeks of small ball and then i may step it up a bit.