POK 0.00% 20.0¢ potash minerals limited

POK chart, page-103

  1. 7,385 Posts.
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    For short term trading or day trading - IMO stops are a must!

    I have been starting to avoid stocks below 2c as the gap between each pip is too great (over 5%), its great if you make a few pips but not if things head the wrong way can be a sizable loss.

    For other stocks above 2c, 5c, 10c etc for a short term trade or investment - I generally will place a stop at a support level using the charts and if im still keen on the stock from an FA side I can generally I can buy it lower after it breaks support. Remember the trend is your friend

    For Day trades my stops are generally within 2 pips

    The key to trading - Tight stops and let your winners run till the chart tells you to sell!

    Even if you only get 50% right you should be making good profits

    As I did with POK today at 22c
 
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Currently unlisted public company.

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