Australia's largest stock trading and investment forum Australia's #1 stock forum

As you know Jako I'm a conditional trader with the order being...

First 1705 Last

Share
Profile

Follow
Beany72

3,285 Posts.

5

08/04/17

18:21

Post #: 23954529
Share

Originally posted by Jako64 ↑

Good on ya @Beany72 it is not easy entering on a nasty looking downbar like that, just have to trust the analysis.
David Weis also likes this type of entry when it sets up and the opportunity presents, the distance between your entry price and your stop, is what he calls "the cost of finding out" (if your analysis is correct), I quite like that saying.......
Will you keep a tight stop, or a wider one in case of a shakeout ??
From what I have seen, David uses a fairly tight stop (usually just below some structure to the left) which he slips up to breakeven reasonably quickly once there is enough room. And he doesn't hesitate to re-enter pretty quickly if he is stopped out (especially if it is for breakeven or a small gain), if he still believes the analysis is correct.

Hope it works out OK (it seems you have got a few of us watching it now.....haha)

cheers

Expand

As you know Jako I'm a conditional trader with the order being preset.
I had no idea it would land on a nasty looking down bar.
Stop loss is 75.5c, target 81.5c.
3 Upvote

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 754 more messages in this thread...

First 1705 Last

SPONSORED BY