SDL PLC buy, Steppe Cement sell, Toledo Mining buy
SDL PLC - meets sufficient criteria to justify a buy. This share finished down on the day by 10p - clearly my assessment or indicators were at fault here and need to be analysed - though not dismissed as some losses are to be expected as there can never be guarantees. However on the day I would have realised a very small profit - £17.27 - again not enough to live on but okay for part-time - would make an extra £480 p/m - good extra capital but not a way to sustain a living. However the stock level I am using is based on paper trading full-time - if part-time I would have less capital to play with and these tiny percentages would be more succeptable to being wiped out my commission and other fee costs. Additionally despite losing 10 points I would not have triggered a stop loss - but would I have trigged a sell unless I had been watching the price movement occur. This share purchase needs to be as said analysed further.
Steppe Cement - this did make a profit but £31.34 so I am pleased it was another successful stock pick but the profit level on this could not sustain my livelihood. Though for part-time trading it would be okay! Nevertheless as this is toward full-time trading I need to explore further - trade as if my livelihood whether in fact I am doing so part-time or paper-trading.
I need therefore not just to be able to pick stocks with upward movement potential but of at least 3% - need to study whether this 1.06% increase could have been predicted.
Toledo Mining - meets all criteria, in bullish sector in a part of the world, the Philippines, that could attract new Chinese money.
Steppe Cement - this did make a profit but £31.34 so I am pleased it was another successful stock pick but the profit level on this could not sustain my livelihood. Though for part-time trading it would be okay! Nevertheless as this is toward full-time trading I need to explore further - trade as if my livelihood whether in fact I am doing so part-time or paper-trading.
I need therefore not just to be able to pick stocks with upward movement potential but of at least 3% - need to study whether this 1.06% increase could have been predicted.
Toledo Mining - meets all criteria, in bullish sector in a part of the world, the Philippines, that could attract new Chinese money.
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In respect of the Steppe Cement there was a signal which was the Stochastic which suggested it was becoming over bought which indicated some upward movement but running out of steam.
SDL has an element of this but more recent so more buying left I think. We will see :)!
It was noted that SDL despite its prospect was price volatile which increase risk of price reverse.
Also later noted a Bloomberg news item where an Investor cut recommendation from Buy to Hold.
Lesson here is to research further.
Also note that I start with biggest price risers from previous day which are less likely to maintain momentum. Better to target shares with .5% movements which may be more likely to gather momentum? Test it.