First thing to do if you going live is post before the trade not in hindsite
Most liked posts in thread: Simulated/Hypothetical trades
Page 1 of 14
Taking outsized/unexpected gains may be part of your system, but it's always difficult to know what to do when fundamental news get in the way of a position opened on pure technicals.
Also yes, I am finding it difficult how to handle fundamental news when I am trading on a purely technical basis.
But knowing PDN is a uranium play is probably general market knowledge that you will pick up by being in the market long enough...like now.
If your short then too early to make a decision---but you need to know why I made that decision. You need to know what your looking for.
Your right there is some buying but until tomorrow you wont know if its actually hidden selling.I expect either an inside day OR a higher high closing lower than todays high.
Oh and I dont know anything about stocks I trade---only what other write up if I read it---I dont care.
1. If it trades higher and then falls below the close of today it is a very bearish signal?
2. If it trades higher and closes higher then maybe time to exit?
3. If it trades higher and closes higher on low volume then it's bearish because it means there isn't much buying?
If this is a sim thread, I'm gonna go with an up day tomorrow(just going by that chart). I would have exited at the close of today. Can always short again if volume looks weak etc. Just keep watching, whole point of simming, find out what does what. You'll probably just get twice as confused if you ask people on the net what they think about your positions though. Trade what you think, record, adjust, repeat. Meh
(Reuters) - Hong Kong-listed Regent Pacific on Tuesday terminated its A$345 million takeover offer for emerging Australian iron ore producer BC Iron , saying it did not have sufficient support of BC Iron's largest shareholder, Consolidated Minerals.
Regardless, the writing was on the wall (in the price) last month !!!!!!!
(click to expand)
- File size:
- 36.9 KB
I have to say the chart is brilliant and did foretell the story. It is a very good example of how price action can reveal the action of insiders.
Page 1 of 14