Stuart: July 2008 Archives
Sector quite bullish and met a number of my criteria and I decided to buy. However I am not quite sure why as I had also noted quite flat price movement recently for this stock.
Subsequent movement was either very volatile or flat!
I would have sold this share the end of the trading day losing just the commission and fees but it would have been a day without profit.
Subsequent movement was either very volatile or flat!
I would have sold this share the end of the trading day losing just the commission and fees but it would have been a day without profit.
Believe there is 3% potential though due to trend and overall read of the chart decided just to watch.
Proved to be a wise decision because share is very stable with little price movement.
Proved to be a wise decision because share is very stable with little price movement.
ContentFilm PLC (LSE:CFL)
I was interested in this stock as it met a number of my selection criteria, nevertheless price was volatile so I decided to add it to my watchlist.I subsequently decided to ignore such shares because their price is so low - penny shares - though gains are higher for penny movements, much higher in fact than my required 3%, the losses are greater too and have a greater likelihood of triggering stop losses and bouncing me out of the trade.
I plan to trade short-term - holding stocks between 1 and 4 trading days and taking 3% profit per trade. Any additional profits will be a bonus. The 3% aim is quite modest but I am a novice short-term trader and so for the time-being will focus on modest gains with a higher probability of success rather than for example higher profit margins with lower likelihood of success.
Initially I will paper trade whilst I become more familiar with stock fundamentals and trading analysis.
I realise this is no substitute for real-time trading with factors like slippage and day lows triggering stop losses etc but will move to that only when I feel I have a handle on how I am selecting stocks and that I am regularly picking short-term profitable stocks.
I may additionally set up another broker account for mid-term stocks that is stocks I believe will grow within a 6-12 month time-scale.
I plan to record my selections daily and make notes on both my successful and losing stocks towards learning and ever-improving my stock selections.
Initially I will paper trade whilst I become more familiar with stock fundamentals and trading analysis.
I realise this is no substitute for real-time trading with factors like slippage and day lows triggering stop losses etc but will move to that only when I feel I have a handle on how I am selecting stocks and that I am regularly picking short-term profitable stocks.
I may additionally set up another broker account for mid-term stocks that is stocks I believe will grow within a 6-12 month time-scale.
I plan to record my selections daily and make notes on both my successful and losing stocks towards learning and ever-improving my stock selections.
