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re: Day/swing trading
Posted on 10/7/16 at 4:47 pm to JamalSanders
Posted on 10/7/16 at 4:47 pm to JamalSanders
quote:I lost my arse on ROX because I'm impatient.
ROX
Bought around .82 a few months ago believing it would go to .90 again (of course it eventually did).
Sold during the Brexit Panic in the mid .70s to buy DB of all stocks at $14.72
Held DB forever until I nearly broke even...about a week too soon. I'm the worst.
What is your entry point for ROX?
2
Posted on 10/7/16 at 11:15 pm to bayoubengals88
I've been day trading for about 6 months now. I wouldn't actually call it day trading because I have a full time career so my day trading is me checking my E*trade app every few minutes.
Highly recommend etrade btw... commissions are competitive and their platform is very user friendly. It's also easy to get your margin account started. Only complaint is they run oUT of shares to short.
Some companies on my watch list right now are MGT, Gevo, and XGTI.
The best advice I can give is cut your losses quick and never hold penny stocks through Earnings dates
I made thousands on MGT got in around .70 and sold around 3.50 I wish I could have shorted it on the way down but I was too afraid to short a John McCafee owned company.
I'm not boasting though I've also lost a ton by holding through earnings and the company missing their mark.
Highly recommend etrade btw... commissions are competitive and their platform is very user friendly. It's also easy to get your margin account started. Only complaint is they run oUT of shares to short.
Some companies on my watch list right now are MGT, Gevo, and XGTI.
The best advice I can give is cut your losses quick and never hold penny stocks through Earnings dates
I made thousands on MGT got in around .70 and sold around 3.50 I wish I could have shorted it on the way down but I was too afraid to short a John McCafee owned company.
I'm not boasting though I've also lost a ton by holding through earnings and the company missing their mark.
This post was edited on 10/7/16 at 11:22 pm
Posted on 10/8/16 at 8:34 am to bayoubengals88
quote:
What is your entry point for ROX?
ROX has very narrow margins. I buy in between 0.82 and 0.83 and sell 2 cents higher or lower every time. The trends that I have been seeing with it is that it fluctuates a lot between 0.80 and 0.88. It will occasionally drop or rise severely outside of that 8 cent range but it spends most of its time there.
I do all of my 'day' trading on Robinhood. So I can't do but 4 day trades in a week so I'm not exactly making millions flipping 100 ROX stocks a week.
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