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It can be;
especially with a pattern of good earnings/over the quarters/years...…...
New to this. Would appreciate some help or advice
- Thread starter TsnAccount
- Start date
It can be;
especially with a pattern of good earnings/over the quarters/years...…...
Appreciate your response. I have a question I need help with. Should I sell or still hold the JFIN shares? I do not see a spike yet but I do see the volume continuing to raise. This is the first time I do this. Will the spike come later in the day or does it look like it won't happen? Any help very appreciated
I'm thinking I should set a Stop Loss limit since the earnings were not great but I do still see volume increasing so i am not sure
You should ALWAYS set a stop, ideally at the same time that you buy the stock. Look for a firm level of support. Imagine your stop there. Now look at the price. It is really nice to have your buy-in price just above that. The idea is if the stock falls below support, it is likely to keep falling quite a bit. So that is a good place for your stop. The bigger the difference between your entry price and your stop, the more loss you suffer if it stops out. If the price is barely above support, your risked amount per share is low. If it is a considerable distance above support, then your risk is considerably greater. But you still want your stop below that support level. Sure, you can move your stop up, but your chances of getting stopped out are greater.
Once you set your stop, and you are satisfied that it is at a logical level, do not move it down. It is okay to move it up, when the price has gone up a lot. Many traders like to set it just above their break-even, just to lock themselves into the profit side, and then move it up as the stock price rises, to lock in maybe half, maybe 2/3 of the profit. Some traders like to use trailing stops. As the price goes up, the trailing stop automatically follows, a set distance below the stock price. If the stock falls, the stop price stays put. If the stock starts going up again, once it has gone up more than the trail amount, then the stop starts going up with it again. If it turns around and goes down and keeps going down it meets the "stuck" trailing stop, and you get stopped out of your trade at whatever level the trailing stop has risen to. I prefer to move the stop up myself, setting it just below new levels of resistance or just below whole or half dollar amounts. However, when I can't watch a stock I will use a trailing stop if that type of order is available to me.
If you are very sure of your level of resistance, then by all means, set a profit limit just under it. That will maximize your profit if you pick the limit price correctly. However, you will usually find that a good stop is more effective than the limit because it will still limit the amount of profit you will give up, no matter what. If the stock does not touch your limit, then it is free to nosedive and there goes your profit if you didn't lock some of it in with a stop. Usually you can set a bracket order, which is a stop and a limit combined. When one is triggered, the other is automatically cancelled. I usually don't use limits because too many times, a stock will run, breaking through the resistance after poking it a few times. By setting a limit I am limiting my profits when I could have made a lot more.
Be aware that if your stop and limit are not in a one cancels the other arrangement, you could sell with your limit order, and sell again (short) with your stop loss when the stock goes back down. This could be disastrous, obviously.
I strongly suggest that you read a couple of good books on day and swing trading. You don't seem like you have read anything at all on the subject. If you have read some books, read them again. And again. Get these key concepts into your brain. Do your homework. Go back to your paper account and practice some more, using the methods you learn from your books. And remember, it is a lot harder to make money in real trading than paper trading due to real world issues. So don't think just because you traded a $100k paper account up to a million, you are ready for the big show. Keep your live positions small at first.
Once you set your stop, and you are satisfied that it is at a logical level, do not move it down. It is okay to move it up, when the price has gone up a lot. Many traders like to set it just above their break-even, just to lock themselves into the profit side, and then move it up as the stock price rises, to lock in maybe half, maybe 2/3 of the profit. Some traders like to use trailing stops. As the price goes up, the trailing stop automatically follows, a set distance below the stock price. If the stock falls, the stop price stays put. If the stock starts going up again, once it has gone up more than the trail amount, then the stop starts going up with it again. If it turns around and goes down and keeps going down it meets the "stuck" trailing stop, and you get stopped out of your trade at whatever level the trailing stop has risen to. I prefer to move the stop up myself, setting it just below new levels of resistance or just below whole or half dollar amounts. However, when I can't watch a stock I will use a trailing stop if that type of order is available to me.
If you are very sure of your level of resistance, then by all means, set a profit limit just under it. That will maximize your profit if you pick the limit price correctly. However, you will usually find that a good stop is more effective than the limit because it will still limit the amount of profit you will give up, no matter what. If the stock does not touch your limit, then it is free to nosedive and there goes your profit if you didn't lock some of it in with a stop. Usually you can set a bracket order, which is a stop and a limit combined. When one is triggered, the other is automatically cancelled. I usually don't use limits because too many times, a stock will run, breaking through the resistance after poking it a few times. By setting a limit I am limiting my profits when I could have made a lot more.
Be aware that if your stop and limit are not in a one cancels the other arrangement, you could sell with your limit order, and sell again (short) with your stop loss when the stock goes back down. This could be disastrous, obviously.
I strongly suggest that you read a couple of good books on day and swing trading. You don't seem like you have read anything at all on the subject. If you have read some books, read them again. And again. Get these key concepts into your brain. Do your homework. Go back to your paper account and practice some more, using the methods you learn from your books. And remember, it is a lot harder to make money in real trading than paper trading due to real world issues. So don't think just because you traded a $100k paper account up to a million, you are ready for the big show. Keep your live positions small at first.
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Most of the JFIN trends are down/all data. Another weakness is= cant seem to stay above $5.00, another weakness.If I had that stock as a gift; I sell it today.
Another reason I sell it today;QQQ/QLD...…. are doing so well.
And 91% off 52 week high.Another reason to sell;you could buy a silver coin or 2 for that price.
NOT a prediction.
Finviz is good. TradingView is good, too. TradeIdeas is great but pricey for a noob with a small account.
I came back on here to explain to TSN the lil baby that he is wanting help from everyone when he cannot help himself by googling and learning about a GTC order for limit profit sells and then trying to tell the same person helping him how that person should explain things better? LMFAO.
here is the problem i already see with you TSN.
I said for you to risk a whopping 4 dollars and what did you do?
you went and bought 3 which actually made your risk 12 dollars because the stock is a 4 dollar stock so that was on you.
Then after you whined about how you will be at work and blah blah blah i sadi then set some limit GTC which common sense would tell you you have the ability to set up to 3 gtc limit orders since you owned 3 shares. now im not sure how that works in the fractional share world if you want to get specific but shame on me for giving the benefit of a doubt that you actually understood a little bit about trading since you ..yourself stated clearly you made money paper trading so that would make me assume that you understood the basics of trading and order entry but I was wrong you actually are even dumber than i anticipated.
You are what they call dumb money. dumb money has nothing to do with pickign a direction or being right or wrong on the stock.it has to do with dumb execution and not having a plan and or changing your plans so let us revisit a few things shall we
1. I said i would buy 1 share of JFIN because i like the risk to reward profil on earnings which was clearly stated is a complete gamble. instead of buying1 share you bought 3 and then who knows why YOU (DUM MONEY) did what you did but you went and bought 7 morse shares not wat this point you have not once showed anyone here a time and sales of the initial 3 shares and or the next 7 shares so we have no idea where your entry is on this trade and i still say you are full of crap about all of this because you like to be knowledgeable when attacking someone helping you and yet you are dense when it comes to what that person said they would do, but that is an aside or a tangent and yes tangent is from geometry which brings me to my nxt point.
2. you were also instructed to not use a stop loss on this trade. that was it just dont use a stop loss pretty simple so you were goig to actually hold the stock overnight for max risk of 4 dollars because again we are talking about a 4 dollar stock and you were suppossed to have 1 share but now you went and bought 10 shares which is 10 x the risk! so
I still say just hold the stock and let it work. let the trade work. what is the point the bad news is in the price now so just hold it at this point your max risk is 40 dollars big deal. getting our of it does not let you learn anything.
3. How or why you need help when you are risking a max of 40 dollars is beyond me and where is your account even being held? what kind of an account min must there be for someone to be this worried about 40 dollars and NEVER forget it was suppossed to be 4 dollars on 1 share not 10.
4. YOU are exactly whay no one would ever waste their time "mentoring" or "helping" new people learn to trade if they can make money themselves by trading. TIME IS MONEY that is clear and even just wasting 3 days on this blog to try and understand who these so called robin hood trades really are has been a real eye opener but also make me a little sad that so many people are this dumb and are my fellow citizens i think of the USA.
I am and have been FLAT my short in NQ since early this morning wehre as i said yesterday I waited for the turn and sold and sold and sold big and then covered and i used a lot of my short term scalping to help me understand what was really taking place in the market and also to judge what I am seeing and doing in the market before I got big with my trade.
I think you should hold your JFIN because the bad news is in and it is a crap stock that any day this week if the right "trading Room" can force people just like you to buy it then it will easily poop back up to 5 or 6 bucks. earnings in a stock like this one or even the big dogs doesn't really matter because maybe what 15 % of all volume is really fundamental and reality while 50 to 60 % is hft flipping and the rest is what relative value but you wont know or understand what any of that even means because you are dumb money and always will be so please for the love of money your money just stop and do not trade.
I do not mean don't invest that is what you are and should be an INVESTOR. buy an etf or a mutual fund and let people who financially maniulate and engineer the markets work hard to make themselves money and you will make money in the process over the long haul (years) without having to worry about 40 dollars
I had to come back on here and say something just 1 more time.
I wish you good luck and i still think you never really traded it and are just a loser fooling around a open and free blog.
here is the problem i already see with you TSN.
I said for you to risk a whopping 4 dollars and what did you do?
you went and bought 3 which actually made your risk 12 dollars because the stock is a 4 dollar stock so that was on you.
Then after you whined about how you will be at work and blah blah blah i sadi then set some limit GTC which common sense would tell you you have the ability to set up to 3 gtc limit orders since you owned 3 shares. now im not sure how that works in the fractional share world if you want to get specific but shame on me for giving the benefit of a doubt that you actually understood a little bit about trading since you ..yourself stated clearly you made money paper trading so that would make me assume that you understood the basics of trading and order entry but I was wrong you actually are even dumber than i anticipated.
You are what they call dumb money. dumb money has nothing to do with pickign a direction or being right or wrong on the stock.it has to do with dumb execution and not having a plan and or changing your plans so let us revisit a few things shall we
1. I said i would buy 1 share of JFIN because i like the risk to reward profil on earnings which was clearly stated is a complete gamble. instead of buying1 share you bought 3 and then who knows why YOU (DUM MONEY) did what you did but you went and bought 7 morse shares not wat this point you have not once showed anyone here a time and sales of the initial 3 shares and or the next 7 shares so we have no idea where your entry is on this trade and i still say you are full of crap about all of this because you like to be knowledgeable when attacking someone helping you and yet you are dense when it comes to what that person said they would do, but that is an aside or a tangent and yes tangent is from geometry which brings me to my nxt point.
2. you were also instructed to not use a stop loss on this trade. that was it just dont use a stop loss pretty simple so you were goig to actually hold the stock overnight for max risk of 4 dollars because again we are talking about a 4 dollar stock and you were suppossed to have 1 share but now you went and bought 10 shares which is 10 x the risk! so
I still say just hold the stock and let it work. let the trade work. what is the point the bad news is in the price now so just hold it at this point your max risk is 40 dollars big deal. getting our of it does not let you learn anything.
3. How or why you need help when you are risking a max of 40 dollars is beyond me and where is your account even being held? what kind of an account min must there be for someone to be this worried about 40 dollars and NEVER forget it was suppossed to be 4 dollars on 1 share not 10.
4. YOU are exactly whay no one would ever waste their time "mentoring" or "helping" new people learn to trade if they can make money themselves by trading. TIME IS MONEY that is clear and even just wasting 3 days on this blog to try and understand who these so called robin hood trades really are has been a real eye opener but also make me a little sad that so many people are this dumb and are my fellow citizens i think of the USA.
I am and have been FLAT my short in NQ since early this morning wehre as i said yesterday I waited for the turn and sold and sold and sold big and then covered and i used a lot of my short term scalping to help me understand what was really taking place in the market and also to judge what I am seeing and doing in the market before I got big with my trade.
I think you should hold your JFIN because the bad news is in and it is a crap stock that any day this week if the right "trading Room" can force people just like you to buy it then it will easily poop back up to 5 or 6 bucks. earnings in a stock like this one or even the big dogs doesn't really matter because maybe what 15 % of all volume is really fundamental and reality while 50 to 60 % is hft flipping and the rest is what relative value but you wont know or understand what any of that even means because you are dumb money and always will be so please for the love of money your money just stop and do not trade.
I do not mean don't invest that is what you are and should be an INVESTOR. buy an etf or a mutual fund and let people who financially maniulate and engineer the markets work hard to make themselves money and you will make money in the process over the long haul (years) without having to worry about 40 dollars
I had to come back on here and say something just 1 more time.
I wish you good luck and i still think you never really traded it and are just a loser fooling around a open and free blog.
Why so touchy? Toothache? Too much caffeine? Don't let the internet mess up your digestion. It's just the internet.
I'm trying to buy a share of a stock right now and set a Take Profit/ Stop Loss order but it Just says my Price discrepancies
I traded 10 shares on Webull yesterday and I chose 10 shares because when I looked at prior earnings I could see a large spike so I wanted to risk it and try to make a little profit. I am in no way complaining. I am on here for advice and for learning. I do understand the GTC which i was using before. I also use Robinhood but I only bought long term stocks to sit on with that app. I am very new. Like just 2 weeks into trying to day trade. I'm sorry I am not as knowledgeable as you. I am trying and with nice people giving me tips and explanations I will start to get this much better. I listened to you and I am holding the shares for now. I just don't understand where you get the idea I'm complaining or crying. It doesn't bother me I am down $10. I should get that and more back if I wait. Also I am not dumb money. I am a very new beginner learning. A huge difference.
LOL. I appreciate your help.