posted
For all of you who trade in these sub-penny stocks, when do you generally sell? I know it is a good idea to set a limit and some rules on your day trading that you stick to. Do most of you wait to double the investment, triple, etc?
I'm just curious to see what other's strategies are.
rkh2005
posted
The investment strategy I use deals with a combination of the chart, public hype, volume build-up and potential. From that, I can predict what will likely happen to the security.
As far as selling, part of it has to do with your instinct. If your gut tells you to sell, do that. I also look at the speed at which it's going up. If the rise is fast enough, you may only be able to sell your security on an up-tick. Lastly, I look at the RSI and occasionally at the 50 and 200 MA's together, as well as the support and resistance numbers.
FYI, using these strategies, I have increased my IRA by over 150% in only 2 months.
Machiavelli
posted
I let my stop/loss do that part for me... no need to pull hairs out of my head trying to decide when to get out... a stop/loss is a unemotional tool and will do the job right..
Ripler
posted
stop/loss? explain that more please
BuyTex
posted
quote:Originally posted by Ripler: stop/loss? explain that more please
Mach's overtly referring to a trading tactic that almost everyone can use on big-board stocks, but that few discount brokers offer. Having made your buy, you can also (with such a broker) then enter a price that sells for you automatically, if it dips that low...ie, drops to that pps and your sell order is entered w/o your being at the computer.
Less obviously, he is also saying you need to have an exit price in mind *before* you buy it...
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