QUOTE(prody @ Dec 12 2013, 02:05 PM)
1) Basic plan
When you buy the stock set a stop-loss target.
This means if the price goes down a certain level (5-10%) you will sell the share.
Before you buy you also set a take profit target.
This means when you hit that price you will sell the share.
If stock goes up you can adjust your stop loss and take profit targets.
2) Stick to the plan.
It's best to paper trade before throwing in real money.
Haha no wonder I never able to sell off my shares. When you buy the stock set a stop-loss target.
This means if the price goes down a certain level (5-10%) you will sell the share.
Before you buy you also set a take profit target.
This means when you hit that price you will sell the share.
If stock goes up you can adjust your stop loss and take profit targets.
2) Stick to the plan.
It's best to paper trade before throwing in real money.
When stock price goes up, my profit targets also go up. LOL.
Dec 12 2013, 02:08 PM

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