As a 5 month newbie could the seasoned traders please comment on what type of market we are in at the moment ... Bull, Bear, Sideways, Uncertain ??? or any other terminology.
My guess (only) would be uncertain ... reason.. nothing I buy has really taken off.
Hence my dilema, I am trying hard to let my winners run, however I seem to be giving back a lot.
MOST Recent trades
WMT .345 High .39 stopped out .365
PEN .084 High .115 stopped out .10
AAR .083 High .105 stopped out .099
PDN 8.53 High 9.57 stopped out 9.21
GME 1.08 High 1.14 stopped out 1.01
AXM .58 High .68 still holding (bought today)
ESG .44 High .45 still Holding
From above trades last 2 months my biggest loss has been $284 best profit $826.
Nothing has really run for me ...
5 months isn't really a long time BUT I would love to get at least 1 runner.
Is this the best I can expect under present conditions, perhaps I should only be concentrating on the higher priced stocks?
Am I limited with my trading capital $18k available?
Any views fellow traders?