Alright degens. Ive been cleaning up trading recently, its getting too easy with the amount of volatility. I will share with you a trade I entered yesterday. I bought 1000 shares of this sucker IMH at 2.25. target is 2.90-3.00. the risk with this type of trade is very low. If it drops to 1.80 I will buy 1500 more. it really is this simple. there is a lot off opportunity in stocks sub $10, I tend to long only to limit exposure. FYI - The exposure is less than 1% of my account. no stops obviously I collect only, sometimes I cut for loss or scratch but that's rare, usually thats if I have layered in a few times and don't like it. Trade duration is typically 1 day to 30 days but I've been known to hold for months if necessary, I've got myself in a position where I don't need income so just rolling the account higher.
Best Trading Opportunities March 2021
- Thread starter ShadowHunter
- Start date
anything can happen. this is why my exposure as a % of my liquid is low. It could drop to 80c and I would load up on the sucker. there is a very small chance the stock goes to zero. watch me bank, might take a while but coin is coming. bear in mind I have zero emotion involved with this trade, it really doesn't matter to me if my account is up $15k or down $15k in any given day. everyone is different but experience tells me I get bothered if my portfolio approaches a 20% drawdown so I know my tolerance.
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here is another opportunity. Daily NG widow maker futures. I am not in this yet, I am looking for shorter term buy opps with a view to price moving back to $3. Again very volatile but price is so low you have firepower to get out of trouble if needed. definitely an adult swim this one.
You may find an annoying phenomenon that happens...Right at the moment of max pain you cut losses to stop the pain, it all starts going your way again and you would have been fine in the end. It sux on the small scale, but when it happens on the larger it hurts even more, heh.
over the years I have had my fair share of headaches and upset stomach due to trading. It took me so long to break that loop. I learned a lot watching traders with larger accounts. one guys had finessed his account up to 500k, if anybody asked him for advice on a position he would normally just say 'cut it'. He knew that if you were already asking him you should have cut a long time ago. He aimed to make 5k per trade, the psychology of trading a 500k account and timing to make 1k per trade is very different to trading 10k and trying to double it in short order.
Nowadays I always have at least 8 positions in non-correlated trades so when I go into drawdown and need to cut, I just trim out the bad ones. I rarely experience FOMO anymore, I used to but now I don't even go back and check the chart as I know it doesn't matter what the price is, the only thing that matters is what you did at the time.
agree.
There were quite a few great trading opportunities to short this IMH.
2nd Mar 21 was quite a significant date;
volume was high but the price simply couldn't go up.
congrats to those who shorted & profited from it.
It seems like it is approaching zero .
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my experience tells me shorting small cap stocks in a bull market is a bad plan. your loss is unlimited. The 10%-30% ROI from a bounce is where the juice is.
agree. don't touch the small cap stocks.
I'm long NatGas 25.37 Apr target 25.80. no stop obviously but I will cut if it doesn't lift here